Yes, taxpayers can switch between the old and new tax regimes every year at the time of filing their tax returns. However, once you opt for the new tax regime for a year, you cannot claim any tax benefits available in the old tax regime. Also, for individuals with income from business and profession, the tax regime opted for in the previous tax returns also applies to the subsequent years.
Can I switch between the old and new tax regime?
Modified on: Fri, 20 Jun, 2025 at 3:11 PM
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