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Can You Switch between Tax Regimes Every Year? Old & New Tax Regime.
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4,903 Views β€’ Jan 30, 2024 β€’ Click to toggle off description
#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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Views : 4,903
Genre: Education
License: Standard YouTube License
Uploaded At Jan 30, 2024 ^^


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RYD date created : 2024-12-14T10:00:40.128376Z
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6 Comments

Top Comments of this video!! :3

@VidhyaSinghal-x5y

5 months ago

Sir agar PY 22-23 me old scheme se hi tax pay kiya h nd now in Py 23-24 m bhi agar old scheme m hi tax pay kre toh kya next year m new opt krne ka option mil paega??

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@AK-gv6ci

5 months ago

Do pensioners receiving pension from Central govt or state govt eligible to select regime every year

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@aayushianand4911

10 months ago

πŸŽ‰πŸŽ‰

1 |

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