From FY 2023-24 on words those who opted Old Regime after due date [ 31st July ] automatically converted into New Regime.
Those who opted New Regime after due date late fee of Rs.5,000, which shall be reduced to Rs.1,000 if your total income is below Rs.5 lakh.

Section 80U of Income Tax Act

Under Section 80U to tax deduction benefit to individual taxpayers suffering from a disability.

The individual must be certified as a person with a disability by appropriate medical authority.

A person with a disability is defined as a person who has at least 40 percent disability, certified by the medical authorities.

The deduction can only be claimed by resident individuals of India.

It is applicable only an Old Regime.

Fixed amount of deductions are allowed under Section 80U, irrespective of the actual expenditure.

Where the disability is more than 40% and less than 80% :– Rs 75,000.

Where the disability is more than 80% :– Rs 1,25,000.

The following disabilities are covered u/s 80U :

  • Autism
  • Blindness
  • Cerebral palsy
  • Hearing impairment
  • Leprosy-cured
  • Loco motor disability
  • Low vision
  • Mental illness
  • Mental retardation