Income Tax Return e-filing: Can you keep switching between new and old tax regime every year? What taxpayers should know
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. This choice can be made at the start of the financial year or during ITR filing, but only if returns are filed by the due date.
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. This choice can be made at the start of the financial year or during ITR filing, but only if returns are filed by the due date.
