The new tax regime offers a simplified tax structure with limited deductions compared to the old regime. While you can't claim popular deductions like those under Section 80C, you can still avail a standard deduction of ₹75,000 for the financial year 2024-25. Additionally, family pensioners can claim a deduction of ₹25,000. Employer contributions to the National Pension System (NPS) under Section 80CCD(2) are also deductible. While not deductions, certain exemptions like those for perquisites for official purposes and under Sections 10(10), 10(10A), and 10(10AA) apply.