Can I switch tax regime?

55°
Deal Cadet
dealstaar
I opted for old tax regime during declaration at employer last year (FY23-24) but now filing ITR through cleartax i see it is suggesting to choose new regime to get more refund.

If I switch to new regime during filing ITR, will this be permanent? Can I go back to old regime in future if required??
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Deal Lieutenant Deal Lieutenant
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You can go back

Generous Generous
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As a Salaried, you can switch it every year.

Deal Cadet Deal Cadet
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Okay, i was reading somewhere that there is only once it is allowed to change regime.
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Talk-Of-The-Town Talk-Of-The-Town
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You can switch will filing returns.. Currently no restiction to switch... 1st option with employer after that during filing... Next year you can again opt if gov dont change anything

Deal Cadet Deal Cadet
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While filing ITR online, stcg u/s 111A is not considered for rebate u/s 87A. 

Anyone facing this issue?

Tagging expert @third.i.financial.advisors

Tax Wizard Tax Wizard
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no rebate given for stcg us 111a. So , need to pay tax
Tax Wizard Tax Wizard
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Above answers are correct ... how much is cleartax charging for itr 1  ? 1000 rs ? 

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