Option from old tax system to to New system.

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15 Points Posted on 29 July 2021
I am salary class. can I change my option from old tax system to new system while filing itr.
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On 29 July 2021 at 19:28 Report
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This discussion clarifies whether individuals can opt for the new tax system instead of the old one when filing their Income Tax Return (ITR), even if their Form 16 reflects the old system. The consensus is that you can indeed choose the tax system that minimises your tax burden during ITR filing. It's also possible to inform your employer to deduct TDS under the new system via a declaration if it proves more beneficial.

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Chartered Accountant
24588 Points Posted on 29 July 2021
Yes you can
1 Reply
On 29 July 2021 at 19:32
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Chief Accountant
3150 Points Posted on 29 July 2021
Yes, ...of course
u can choose old or new as per your choice to minimise tax burden.
1 Reply
On 29 July 2021 at 19:34
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15 Points Posted on 29 July 2021
Form 16 shows old tax system but whereas new tax is more beneficial.
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On 29 July 2021 at 20:00
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Chief Accountant
3150 Points Posted on 29 July 2021
Than you can file return under new system for that year.

u also can declare to your employer to deduct TDS as per new system only via declaration for current year, if it's beneficial
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On 29 July 2021 at 20:06
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15 Points Posted on 29 July 2021
Once option given to employer for deduction of tax can be changed while filing itr?
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On 29 July 2021 at 20:09
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Chief Accountant
3150 Points Posted on 29 July 2021
Yes, you can choose as per your convenience while filing ITR.
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On 29 July 2021 at 20:14
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15 Points Posted on 29 July 2021
Thanks
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On 29 July 2021 at 21:06
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Chartered Accountant
24588 Points Posted on 30 July 2021
Yes option can be given
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On 30 July 2021 at 06:09
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Chartered Accountant
86505 Points Posted on 30 July 2021
Sourav again you are replying twice the same answer just for getting points on CAClubindia.

Please respect this reputed profession and stop making fun of public platform.
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On 30 July 2021 at 09:55
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Chief Accountant
3150 Points Posted on 31 July 2021
Sourav you are replying twice the same answer just for getting points or 250/- reward on CAClubindia.

what is sense of yes or no, just for point..

Please respect this reputed profession and stop making fun of public platform.

It's already told by reputed member to you that stop replying without any base just for points

If you are not Stop this, I have to make complaint to block your account.
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On 31 July 2021 at 12:39

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