ITR3 under new tax regime

1. Select (options as said for opting out) 'A'.
2.  Select 'Not applicable'.
3.  Select Are you opting out from nex tax regime ... 'NO'.

Yes, ITR-3 is available under the new tax regime for FY 2025-26. There are a few things to be aware of.

If you are opting out of the new regime to choose the old regime, and you have business or professional income (which is why you are filing ITR-3), you MUST file Form 10IEA before the due date of your ITR (July 31 for non-audit cases). If you miss this, the system will process your ITR under new regime regardless of what you select in the form.

If you are staying in the new regime (which is now the default):
- Standard deduction of Rs.75,000 is available for salaried income even under new regime
- Most other deductions (80C, 80D, HRA) are not available
- Set-off of losses from house property against business income is not allowed under new regime

The ITR-3 form has a specific schedule to declare regime choice. Select it at the start and do not change it mid-way through the form or the utility will reset your data.

This [new tax regime standard deduction guide for AY 2026-27](https://taxgarden.in/blog/standard-deduction-75000-new-tax-regime-ay-2026-27) has the updated deduction comparison table for both regimes.