ITR
Choosing the old regime in the ITR form
Updated . Every paid answer is checked by a CA. Free AI answers are labelled until a CA verifies them.
Facts
In ITR-1 or ITR-2, the return asks whether you want to opt out of the new regime. Answering Yes moves you to the old regime and opens the deduction schedules.
Provisions and law
- Sec 115BAC, Income-tax Act 1961 (now Sec 202)The new regime is the default; a person without business income can choose the old regime in a return filed by the Sec 139(1) due date.
Analysis
If you answer No, only a few deductions like employer NPS under 80CCD(2) show, and your 80C and 80D claims will not appear. The choice for a salaried person can be made every year, but only in a return filed by the due date. What you told your employer for TDS does not bind you.
Conclusion
- Open the personal information or filing section.
- Answer Yes to opting out of the new regime.
- Fill HRA, 80C, 80D and other schedules.
- Check the tax computation reflects old regime slabs.
- File by the due date.
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