This discussion clarifies the rules around switching between the new and old tax regimes in India. If you previously chose the new regime and then opted for the old one (e.g., by filing Form 10-IEA) to claim deductions, you can generally switch back to the new regime in the following year. However, for those with business income filing ITR 3 or ITR 4, once you opt out of the old regime, you cannot opt back into it.
05 August 2025
If tax payer opt new tax regime in privious year and opt old tax regime through filing 10iea in current assesment year due to his deductions... Can he opt new tax regime in next year?