Look, whether it is the old tax regime or the new tax regime, incomes from both your employers are added together under the head income from salary and this is reflected in your ITR. And these figures are out of a Form 16. So that means you cannot claim basic exemptions separately for the different employers. Similarly, all incomes that an individual earns throughout the year is put under five brackets which are : Income from Salary Income from House Property Income from Other Sources Capital Gains Income from Business or Profession. And all incomes from each of these heads are added up together to calculate your basic exemption limit.