OLD REGIME

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If your employer deducted TDS based on the old tax regime for FY 23-24, you can still file your income tax return using the new tax regime and claim a refund for the TDS paid. The new tax regime now offers zero tax up to ₹12 lakh income, making it a competitive option. While the old regime still offers benefits like the Section 87A rebate for incomes up to ₹5 lakh, the new regime is the default, but you retain the flexibility to choose the regime that best suits your financial situation.

MALAY DAS

MALAY DAS (Querist)
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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

RAJA P M

RAJA P M (Expert)
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01 March 2024 Yes, You can file under new regime and claim refund.

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)
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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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