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OLD REGIME

This query is : Resolved 

01 March 2024 RESPECTED SIR
TDS DEDUTED AS PER OLD TAX REGIME FY 23-24 BY EMPLOYER, CAN BE FILLED INCOME TAX RETURN AS PER NEW TAX REGIME AND CLAIM TDS REFUND? PLEASE ADVICE THANKS

01 March 2024 Yes, You can file under new regime and claim refund.

16 August 2025 Add-On Insight: The new tax regime now confers zero tax up to ₹12 lakh income, significantly narrowing the advantage the old regime once held.
Rebate under Section 87A remains fully available (for income up to ₹5 lakh) in the old regime—even when the new regime’s rebate provisions may fail for certain special incomes like STCG.
And yes—the old tax regime is still very much available; only the new regime is set as the default at present, offering flexibility to taxpayers who benefit more from exemptions and deductions.


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