HRA exemption rules explained: Can you claim it with a home loan and under the new tax regime?

Under the new tax regime, HRA tax exemption is not available. Section 115BAC, which governs the rules for the new tax regime, bars an individual from claiming HRA exemption.

A salaried individual wanting to pay income tax under the new tax regime cannot opt for certain tax exemptions. Some of them are as follows:
Section 10(5) – Leave Travel Concession
b) Section 10(13A) – House Rent Allowance
c) Section 10(14) – Covers special allowance details in Rule 2BB(such as children’s education allowance, hostel allowance, uniform allowance etc.
d) Section 24(b) – Interest paid on home loan
e) 57(iia) – Family pension
f) Deductions under Chapter VI-A containing Section 80C, Section 80D etc., except Section 80CCD(2).