Income tax filing FY 23-24

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Dear Experts

Can anyone please help me.

I am trying to file my ITR 1 salary income if i select old tax regime i couldn claim any deduction if i select new tax regime  i can able to claim all the deduction. can anyone know the reason for the same. 

 

Thank you 

Vijith T K

 

Replies (5)

You concept of choosing old regime is incorrect.

You have to opt out of default new regime by selecting YES in the query, to choose OLD regime.

Sir while filling ITR 1 it's by default old regime only, even I am prefer to file my ITR as per the old tax regime only... But I am unable to claim any deduction. 

 

Can you please help me to file the ITR as per the old tax regime 

In ITR 1 .....  column.....

(A20) Do you wish to exercise the option u/s 115BAC(6) of Opting out of new tax regime? (default is “No”)  Yes  No 

Select ......   YES.

 

Thank you for your help and support 

 

I field ITR as per new tax regime, Can i able to do revised return now selecting the old tax regime will i get a refund for the same 

No. Now not eligible to change the tax regime for same AY.


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