New tax regime option

if am employee did not intimate to the employer about opting for new tax regime and employer deduct tax as per existing rules then can employee opt for new tax regime at the time of filling of itr and pay tax as per new tax regime if it is beneficial to the employee. and whether he is bound to follow it in future years if he is a salaried person.
Replies (2)
Quick Summary
This discussion clarifies whether employees can opt for the new tax regime when filing their Income Tax Return (ITR), even if their employer initially deducted tax under the old rules. It confirms that salaried individuals have the flexibility to choose or withdraw from the new tax regime at the start of each financial year, regardless of how their employer handled TDS. This option is available even if the employer deducted tax based on the existing rules.

In Form 16 part B , it is written , which tax regime you have opted .
Salary class person have the option to exercise and to withdraw new tax regime in beginning of every FY unlike the person who have income under head PGBP. You can also opt if your employer deduct TDS as per old tax regime. There is no bar for Salary Person.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details