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  • Can We Change the Tax Regime While Filing your ITR? - ClearTax
    Salaried Individuals: Individuals who file ITR1 and ITR2 can switch between the old and new tax regimes annually They assess their income, investments, and tax liability to choose the tax regime for filing their ITR
  • Can You Change Your Tax Regime While Filing ITR? - Tax2win
    Learn whether you can switch between the old and new tax regimes while filing ITR, who is eligible, and how to opt out of the default new tax regime
  • Can You Switch Tax Regimes While Filing Your ITR? - FindTax
    Changing your tax regime is straightforward: For ITR-1 and ITR-2 Forms: You will be asked, “Do you wish to exercise the option u s 115BAC (6) to opt out of the new tax regime (default is ‘No’)?” Selecting ‘Yes’ will switch you to the old tax regime, while ‘No’ will retain the new tax regime
  • FAQs on New Tax vs Old Tax Regime | Income Tax Department
    Yes, Standard deduction of Rs 50,000 or the amount of salary, whichever is lower, is available for both old and new tax regimes from AY 2024-25 onwards In the new tax regime can I claim deductions under chapter-VIA like section 80C, 80D, 80DD, 80G etc while filing the ITR for AY 2024-25?
  • How Many Times Taxpayer Can Switch between Old and New Tax Regime
    Section 115BAC of the Income Tax Act, 1961, deals with the option for individuals and Hindu Undivided Families (HUFs) to pay income tax under a new, concessional tax regime Here’s a breakdown of how the switching between the old and new tax regimes works:
  • Old vs New Tax Regime: Can you switch every year? - Times of India
    ITR filing FY 2024-25 (AY 2025-26): Taxpayers can choose between the old and new income tax regimes annually, provided they don't have business income The new regime is now the default, requiring taxpayers to actively opt for the old one
  • Can you change tax regime while filing income tax return?
    Last date to file ITR without late fees and old tax regime is available - July 31 October 31 of the relevant assessment year November 30 of the relevant assessment year December 31 of the relevant assessment year March 31 from the end of four relevant assessment years
  • Can I Change Tax Regime While Filing ITR? Check Comparison Of . . . - News18
    Salaried individuals can switch tax regimes annually when filing ITR; business owners can switch once; the new regime offers lower rates but fewer deductions Salaried individuals and pensioners can choose either regime at the time of filing their income tax return (ITR) every year
  • Can You Change Tax Regime While Filing ITR in India?
    Step-by-Step: How to Change Tax Regime While Filing ITR Log in to the Income Tax e-filing portal Choose the applicable ITR form (e g , ITR-1, ITR-2) Go to the “Personal Information” section Respond to: “Are you opting out of the new regime?” Select “Yes” for old regime, “No” for new regime
  • ITR Filing FY 2024–25: Can You Switch Between Old New Tax Regimes . . .
    Individual taxpayers without business income in India can freely switch between the old and new income tax regimes every year However, the choice is subject to deadlines and procedural conditions under the Income-tax Act, 1961 The new regime is now the default—opt-outs must be made deliberately and on time , Economy News - Times Now





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