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)

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)

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

Aashok Kumar Sharma

Aashok Kumar Sharma

(Expert)

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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