How to Switch Tax Regime?

How to Switch Tax Regime?

You can choose between the Old and New tax regimes based on what works best for your income and deductions. You can switch regimes at the time of filing your ITR.
Web
Mobile
Web

Steps to switch your tax regime:

  1. Go to File > Additional Details
  2. Under Tax Regime, click on Edit Details
  3. Choose your preferred regime from the dropdown
  4. If you’re selecting the Old Regime, enter the Acknowledgement Number of Form 10-IEA
  5. Click on Save to confirm your selection.
Mobile

Steps to switch your tax regime:

  1. Go to File > Additional Details
  2. Under Tax Regime, click on Edit Details
  3. Choose your preferred regime from the dropdown
  4. If you’re selecting the Old Regime, enter the Acknowledgement Number of Form 10-IEA
  5. Click on Save to confirm your selection

Need Help?

Raise a ticket to get in touch with us.


    • Related Articles

    • Choosing the Best Tax Regime?

      With frequent changes to both the Old and New Income Tax Regimes, it’s essential to ensure you're choosing the one most beneficial for your situation. The Regime Analyzer helps you compare both regimes and pick the one that gives you maximum tax ...

    • How to file Form 10-IEA on Income Tax Portal?

      Starting FY 2023–24, the new tax regime is the default for all taxpayers. But if the old regime offers you better tax benefits and you have income from business or profession, you can choose to opt out. To do that, you must file Form 10-IEA before ...

    • Understanding Tax Computation Report

      A tax computation report is a summary of your tax return. It is divided into four main sections: Personal details - Name, PAN, email, etc. Income tax return details - Return type, regime, filing date, acknowledgment number. Tax computation summary - ...

    • Report Form-10IA details in Tax Return

      If you or your dependent has a specified disability like autism, cerebral palsy, or multiple disabilities, you may be eligible for a flat deduction under Section 80U or 80DD. To claim it, you’ll need to file Form 10-IA as proof. This form must be ...

    • Autofill Tax Credits from Income Tax Department

      If you've paid Advance Tax, had TDS (Tax Deducted at Source) deducted, purchased a car (which involves TCS - Tax Collected at Source), or made a Self-Assessment Tax payment while filing your ITR — all of these can be claimed under Tax Credits. ...