Investment Declaration Switch between new and old regime
This query is : Resolved
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31 March 2020
Hi Experts
Could you please provide clarity on switching between new and old regime as per Finance act 2020. I understand that all the employee should have provision to switch between new and old regime anytime from April 1st till march 2021. In that case employee can change their plan at any time in the FY. Kindly clarify
Could you please provide clarity on switching between new and old regime as per Finance act 2020. I understand that all the employee should have provision to switch between new and old regime anytime from April 1st till march 2021. In that case employee can change their plan at any time in the FY. Kindly clarify
31 March 2020
No... If once opt new regime then don't shift to old regime. The same is old to new...
CA R SEETHARAMAN
(Expert)
31 March 2020
Yes employee can change their plan at any time in the FY.
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29 July 2020
https://www.caclubindia.com/articles/new-income-tax-regime-or-old-regime-42234.asp
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