Get the app
Personal Finance
Personal Finance
on
PeppyMochi
PeppyMochi
22mo
by
Transunion

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?

22mo ago
GroovyPenguin
GroovyPenguin
TCS
22mo

Yes you can change it while filling ITR

PeppyMochi
PeppyMochi
Transunion
22mo

Thank you

JumpyLlama
JumpyLlama
EY
22mo

Yes you can

PeppyMochi
PeppyMochi
Transunion
22mo

Thank you

PrancingKoala
PrancingKoala
Amazon
22mo

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

Discover more
Curated from across