one salaried person if his tax has been deducted in the old regime, can he file in the new regime and can it be changed again next year. please suggest me.
thanks
5 Replies
Khush Trivedi
(3946 Points)
Replied 16 June 2024
Yes if in Form 16 the employer has deducted tax under old regime the taxpayer has an option to opt for new regime while filling of his return & the difference in tax liability might occur
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 16 June 2024
Yes I agreed with Mr Khush Trivedi...
and/add
Yes, If only salaried income then he can change the regime from new to old or old to new...
and/add
Yes, If only salaried income then he can change the regime from new to old or old to new...
babugr
(dgm)
(509 Points)
Replied 20 June 2024
Can I change new regime once filed for this year to old regime next year, as I have pension, bank FD interest, few capital gains
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