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Old vs New Tax regime

Dev (Article Trainee.) (613 Points)

20 June 2021

Form 16 was prepared as per Old tax regime but can I file with new tax regime.. or vise versa.

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vikram chouhan (131 Points)
Replied 20 June 2021

No u can not file by opting sec 115 BAC if form 16 filed as per old tax regime

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Dev (Article Trainee.) (613 Points)
Replied 20 June 2021

Any reference.. circular..

vikram chouhan (131 Points)
Replied 20 June 2021

If an individual who has opted for old tax regime with his/her employer for TDS on salary, plans to opt new tax regime at the time of filing ITR, then he/she can do that by filling the new form I.e. form 10 - IE but if employer failed to file new form then assessee can not take the benefit of new tax regime.

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