Can You Switch between Tax Regimes Every Year? Old & New Tax Regime.
Автор: CA Suraj Deo
Загружено: 2024-01-30
Просмотров: 32934
Описание:
#taxplanning #incometax #taxsaving
In this Video, I, Suraj Deo (from Deo Talks) explain - Can you switch between the old tax regime and the new tax regime every year i.e. Can you select any one regime in any financial year and the other one in the next year?
So, if you are a salaried individual, then the answer is definitely yes.
You can choose the new tax regime one year and then switch back to the old tax regime the next year.
However, for those individuals who are self-employed or freelancers who earn business income, it's different. If they opt for the new tax regime once, they have only one chance in their lifetime..to return to the old tax regime.
So, the flexibility to switch between regimes depends on your income sources and profession.
#finance #personalfinance #Deotalks #surajdeo #taxsaving #taxplanning #investmenttips #oldtaxregime #newtaxregime
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