If your Form 16 shows TDS deducted under the old tax regime, you can still choose to file your income tax return for AY 24-25 under the new tax regime. This allows you to select the tax regime that is most beneficial for your financial situation.
11 July 2024
Form 16 issued with OLD TAX REGIME and TDS has been deducted under the head of salary of a Salary person. Now can he choose for his income tax return AY 24-25 in New Tax Regime and Can he claim his TDS (which has deducted under the head of salary income)?