CBDT has notified new rules to enable individuals to claim exemptions for allowance to meet cost of travel, daily expenses on transfer, tour allowance for travel for official purposes to meet the travel and daily expenses, and conveyance allowance for meeting conveyance expenditure incurred in course of performing official duties.
The Notification issued by CBDT has amended the Rules wherein the following set of exemptions/ deductions can be claimed even under the new tax regime (section 115BAC):
However, exemption for free food and non-alcoholic beverages provided by the employer even during working hours at office or business premises has been withdrawn for employees who have opted for the new tax regime.
Source: Notification No. 38/2020 dated 26.06.2020