Budget 2020 | Removal of exemptions in new tax regime to impact life insurers, MFs

A salaried professional opting for a lower rate of tax under the new regime will not be eligible for deductions, including insurance premium paid and ELSS investments.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/budget-2020-|-removalexemptionsnew-tax-regime-to-impact-life-insurers-mfs_13446461.html