Choose old or new tax regime

Hi All,

Can employees switch from Old or New tax regime in new FY 21 irrespective of what they have opted for the previous FY? what are their options?


Hi Ann,

"A salaried taxpayer can opt-in and opt-out every year. That means you can choose the new tax regime in one year and choose the regular tax regime in another year. A non-salaried taxpayer has to choose the new regime at the time of filing the tax return. "