Change to old tax regime

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It is possible to switch from the new tax regime to the old tax regime even after TDS has been deducted. You can inform your employer via a letter to adjust future TDS deductions. The final decision on which tax regime to opt for can be made at the time of filing your Income Tax Return (ITR).

Charu

Charu (Querist)
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16 November 2023 I have salary income and my employer has deducted tds from my salary as per the new tax regime. So I want to opt for the old tax regime. Is it possible to change to old tax regime I the middle of the year?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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17 November 2023 Yes, you can change at any time till filing ITR.

Charu

Charu (Querist)
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17 November 2023 If I dont want my employer to deduct further tds so how can I change it in the middle of the year?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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17 November 2023 Give a letter to your employer.

CA Vivekanand Pote

CA Vivekanand Pote (Expert)
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17 November 2023 Till thre time of filing of income tax return you have chance to choose old or new tax system. You can communicate to employer to deduct tax under the regim which is most beneficial to you.

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