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No. The new tax regime (default from FY 2023-24 onwards, with updated slab thresholds for FY 2026-27) disallows virtually all Chapter VI-A deductions — including Section 80C, 80D, 80E, 80CCD(1B), and home loan interest u/s 24(b). The only material deductions still allowed in the new regime are the ₹75,000 standard deduction for salaried taxpayers, the employer NPS contribution u/s 80CCD(2), family pension u/s 57(iia), and the Agniveer corpus deduction. If you want to claim 80C-style deductions you must explicitly opt for the old regime when filing your return.

Section 80C is the shared ₹1.5 lakh cap across PPF, EPF, ELSS, life insurance, home loan principal, etc — NPS Tier 1 employee contributions also count here. Section 80CCD(1B) is an ADDITIONAL ₹50,000 deduction available exclusively for NPS Tier 1 contributions, over and above the 80C limit. Together this gives you up to ₹2 lakh of deduction headroom if you use NPS. The smart move when you've already hit the 80C cap with PPF/EPF/ELSS is to shift any extra NPS savings into the 80CCD(1B) bucket rather than wasting them above the 80C ceiling.

Section 80D lets you deduct health insurance premiums paid for yourself, spouse, and dependent children — capped at ₹25,000 per year (or ₹50,000 if any insured person is a senior citizen aged 60+). You can ALSO claim a separate deduction up to ₹50,000 for premiums paid for your senior-citizen parents — that's on top of the family premium. So a typical taxpayer with a non-senior family plus senior parents has up to ₹75,000 of 80D headroom (₹25K + ₹50K). Preventive health-check-up expenses up to ₹5,000 are included within these caps.

It depends on how many deductions you can actually claim. The new regime has lower slab rates and a higher rebate u/s 87A (full rebate up to ₹12 lakh of taxable income for FY 2026-27), but disallows almost all deductions. The old regime has higher slab rates but lets you claim 80C + 80D + HRA + home loan interest + NPS. A rough rule: if your total deductions add up to more than ₹3.5–4 lakh, the old regime usually wins at moderate income. Below that, the new regime almost always wins. Run both numbers in the Income Tax Calculator to compare side-by-side for your specific case.