ITR filing FY 2025-26: Can you switch between new and old income tax regime every year?
Individuals not having business or professional income enjoy greater flexibility, as they can opt between the new and old tax regimes every year. (AI image)
Individuals not having business or professional income enjoy greater flexibility, as they can opt between the new and old tax regimes every year. (AI image) ITR filing: Can an individual switch between new and old tax regime every year? ITR filing: Documents checklist Note - While the old and new Act provisions related to the new tax regime are the same, Section 115BAC will apply to the forthcoming return of income for FY 2025-26 which will be filed in July/Aug 2026.
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