Salaried taxpayers can change their tax regime at the time or filing ITR
Salaried taxpayers can change their tax regime at the time or filing ITR
However, to be eligible for changing tax regime at the time of filing ITR, salaried individuals should not have any income from a business or profession.
However, to be eligible for changing tax regime at the time of filing ITR, salaried individuals should not have any income from a business or profession.
Individuals having income from business or profession are allowed to switch to old tax regime from the default new tax regime.
Individuals having income from business or profession are allowed to switch to old tax regime from the default new tax regime.
However, individuals having income from business or profession, who have switched to old tax regime, can can go back to new regime only one time.
However, individuals having income from business or profession, who have switched to old tax regime, can can go back to new regime only one time.
In April, salaried employees are required intimate their employers about the choice of their tax regime.
In April, salaried employees are required intimate their employers about the choice of their tax regime.