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Old regime

18 June 2024

my client is retired pensioner of bank.
now he wants to opts old regime.can he continues old regime for future or he can change to new regime for next years

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13 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177713 Points)
Replied 18 June 2024

If pension is the only income, he can change the regimes any number of times......... (but one regime for an year)

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CA Anoop Kumar Sharma (Accounts Manager) (2065 Points)
Replied 18 June 2024

In the case of pension or salary income, the assessee always has the option to choose between the old tax regime and the new tax regime, selecting whichever is more beneficial.

1 Like

babugr (dgm) (509 Points)
Replied 20 June 2024

Suppose I file with new regime for AY24-25, can I change it to old regime for AY25-26

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177713 Points)
Replied 20 June 2024

Yes, any number of times specifically to assesses not having any business income. For them it is once in lifetime.

babugr (dgm) (509 Points)
Replied 20 June 2024

Thank you Dhirajlal sir for your usual prompt response

1 Like

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177713 Points)
Replied 20 June 2024

My Pleasure.

Rani (None) (277 Points)
Replied 20 June 2024

If the person has dividends, interset income and capital gain (ITR 2) and no business income can he/she switch between old and new regimes ?

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177713 Points)
Replied 20 June 2024

@ Rani.......

Yes..........

1 Like

Rani (None) (277 Points)
Replied 22 June 2024

Thank you very much Sir

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177713 Points)
Replied 22 June 2024

You are welcome.

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Steve Kennedy (ab) (27 Points)
Replied 24 June 2024

Originally posted by : CA Anoop Kumar Sharma geometry dash
	In the case of pension or salary income, the assessee always has the option to choose between the old tax regime and the new tax regime, selecting whichever is more beneficial.

Thank for reply.

1 Like

CA Anoop Kumar Sharma (Accounts Manager) (2065 Points)
Replied 24 June 2024

Originally posted by : Steve Kennedy
	your welcome Originally posted by : CA Anoop Kumar Sharma In the case of pension or salary income, the assessee always has the option to choose between the old tax regime and the new tax regime, selecting whichever is more beneficial. Thank for reply.