New & old regime
BIJU P K (471 Points)
18 October 2021
can a Pensioner opt for old regime next year If he opted for new regime this year?
3 Replies
Kev Men
(788 Points)
Replied 18 October 2021
As per proviso to section 115BAC (5), if the person does not have income from business or profession, the person can opt between old and new tax regime. So a pensioner (without business/profession income) can opt for old regime next year even though he opted for new regime this year.
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