Tuesday, February 6, 2024

How to switch from new tax regime to old tax regime for FY23-24

Change income tax regime: At the start of the financial year, an individual is required to select one tax regime - old or new- for deducting of taxes on salary by employer. However, it may happen that an individual wants to switch the tax regime from what was opted in the start of the financial year. The income tax laws allow such change. Here is how to go about it.

from Tax-Wealth-Economic Times https://ift.tt/B3PoJb1

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