ITR Filing- Old or New Regime

Originally posted by : CA Rashmi Gandhi
	Yes he can do so. There is no such compulsion that assessee must choose the same option as declared by the employer.But as Mr. Raja PM said get the declaration from employer to avoid any notice or litigation.

Not Employer,

I said Employeee....

Yes, employees can file their ITRs under the old regime even if the employer has deducted TDS for the relevant FY 2023-2024 under NTR.

While filing their ITR, employees are not restricted by the tax regime under which TDS is deducted by their employers. Based on their financial circumstances and tax planning preferences, employees can select between the old and new tax regimes, with or without deductions and exemptions.

Employees can choose the tax regime that is most beneficial for them regardless of how TDS is deducted by their employers. A decision should be made by employees based on their income sources, eligible tax deductions and exemptions, and tax liability after evaluating both regimes.

To determine the most suitable tax regime for their situation and ensure compliance with all tax laws and regulations, employees should carefully evaluate their options and consult with a tax advisor if necessary.