Does the tax saved after switching the regime get's reflected in current FY ?

377 views 3 replies

I work in 1 company in Bangalore , Between 1-10th April in there portal option was provided to choose between old regime and new regime . I selected new regime , and i noticed in there's a lot of tax deduction in new regime . Later on i took help of my CA and got to know that if we consider HRA also so i am getting benefitted in old regime . 

Now i want to switch to old regime , i know that we can change while filing ITR , What i want to know is , if i change to old regime while filing ITR , would i get the upcoming month's salary(AUG2023 -MARCH 2024) considering old regime tax deductions ultimately increase in inhand salary ? 

Replies (3)

Employer's mandate will not change. What you change is for ITR purpose, that too for preceding FY, while your current salary deductions are based on option chose in current FY.

so how to get back that amount which got cut in taxes when i am in new regime ? . 

When you file return, you can ask for the refund of excess TDS deducted.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
05 July 2026
Financial Controller

NovumLake Partners

Mumbai

CA

View Details
Company
ARTICLESHIP 07 July 2026
Articleship

Jawahar and Associates Chartered Accountants

Hyderabad

CA Inter

View Details
Company
Featured 18 July 2026
Senior Manager- Finance & Accounts

apricus india

Ahmedabad

CA

View Details
Company
06 July 2026
Chartered Accountant (Indirect Taxation)

Gowra Ventures Pvt Ltd

Hyderabad

CA

View Details
Company
ARTICLESHIP 16 July 2026
CA Article

Pipara & Co. LLP.

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 16 July 2026
Article Assistant

Sahil Agarwal & Company

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 16 July 2026
Article Assistant

G A R U D & Associates

New Delhi

CA Inter

View Details
Company
20 July 2026
Senior GST Executive

Chandak Agarwal & Co

Mumbai

Graduate (Any)

View Details