PeppyMochi
PeppyMochi

Can we change tax regime during filing ITR?

Need advices from folks who have done or know about the tax regime.

I have selected Old Tax Regime in my tax planning initially at workplace but during filing ITR i am thinking to switch to New Tax Regime.

Is that possible?

8mo ago
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GroovyPenguin
GroovyPenguin
TCS8mo

Yes you can change it while filling ITR

PeppyMochi
PeppyMochi

Thank you

JumpyLlama
JumpyLlama
EY8mo

Yes you can

PeppyMochi
PeppyMochi

Thank you

PrancingKoala
PrancingKoala

Nope. It cannot be changed after it's locked during declaration.

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