{"id":29633,"date":"2025-08-06T16:18:52","date_gmt":"2025-08-06T10:48:52","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=29633"},"modified":"2025-10-20T18:51:38","modified_gmt":"2025-10-20T13:21:38","slug":"faqs-on-new-tax-vs-old-tax-regime","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/faqs-on-new-tax-vs-old-tax-regime\/","title":{"rendered":"FAQs on New Tax vs Old Tax Regime"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69eda07331364\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69eda07331364\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/faqs-on-new-tax-vs-old-tax-regime\/#FAQs_on_New_Tax_vs_Old_Tax_Regime\" title=\"FAQs on New Tax vs Old Tax Regime\u00a0\">FAQs on New Tax vs Old Tax Regime\u00a0<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/faqs-on-new-tax-vs-old-tax-regime\/#Q1_What_is_the_difference_between_the_old_and_new_tax_regime\" title=\"Q.1. What is the difference between the old and new tax regime?\">Q.1. What is the difference between the old and new tax regime?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/faqs-on-new-tax-vs-old-tax-regime\/#Q2_Which_regime_is_better\" title=\"Q.2. Which regime is better?\">Q.2. Which regime is better?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/faqs-on-new-tax-vs-old-tax-regime\/#Q3_Should_employees_inform_employers_about_their_chosen_regime\" title=\" Q.3. Should employees inform employers about their chosen regime?\"> Q.3. Should employees inform employers about their chosen regime?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/faqs-on-new-tax-vs-old-tax-regime\/#Q4_Can_I_claim_HRA_exemption_under_the_new_regime\" title=\" Q.4. Can I claim HRA exemption under the new regime?\"> Q.4. Can I claim HRA exemption under the new regime?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/faqs-on-new-tax-vs-old-tax-regime\/#Q5_Is_standard_deduction_of_%E2%82%B950000_allowed_in_the_new_regime\" title=\" Q.5. Is standard deduction of \u20b950,000 allowed in the new regime?\"> Q.5. Is standard deduction of \u20b950,000 allowed in the new regime?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/faqs-on-new-tax-vs-old-tax-regime\/#Q6_Are_Chapter_VI-A_deductions_allowed_in_the_new_regime_eg_80C_80D_80G\" title=\"Q6. Are Chapter VI-A deductions allowed in the new regime (e.g., 80C, 80D, 80G)?\">Q6. Are Chapter VI-A deductions allowed in the new regime (e.g., 80C, 80D, 80G)?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/faqs-on-new-tax-vs-old-tax-regime\/#Q7_Can_I_claim_interest_on_housing_loan_for_self-occupied_property_in_new_regime\" title=\" Q.7. Can I claim interest on housing loan for self-occupied property in new regime?\"> Q.7. Can I claim interest on housing loan for self-occupied property in new regime?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/carajput.com\/blog\/faqs-on-new-tax-vs-old-tax-regime\/#Q8_Are_there_senior_citizen_benefits_in_the_new_regime\" title=\" Q.8. Are there senior citizen benefits in the new regime?\"> Q.8. Are there senior citizen benefits in the new regime?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/carajput.com\/blog\/faqs-on-new-tax-vs-old-tax-regime\/#Q9_How_does_Section_87A_rebate_differ_in_both_regimes\" title=\" Q.9. How does Section 87A rebate differ in both regimes?\"> Q.9. How does Section 87A rebate differ in both regimes?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/carajput.com\/blog\/faqs-on-new-tax-vs-old-tax-regime\/#Q10_Is_Form_10-IEA_required_to_opt_for_old_regime_in_ITR_filing\" title=\" Q.10. Is Form 10-IEA required to opt for old regime in ITR filing?\"> Q.10. Is Form 10-IEA required to opt for old regime in ITR filing?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/carajput.com\/blog\/faqs-on-new-tax-vs-old-tax-regime\/#Q11_Can_I_switch_regimes_every_year\" title=\" Q.11. Can I switch regimes every year?\"> Q.11. Can I switch regimes every year?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/carajput.com\/blog\/faqs-on-new-tax-vs-old-tax-regime\/#Q12_I_opted_out_in_past_years_Will_I_remain_in_old_regime_for_AY_2024-25\" title=\" Q.12. I opted out in past years. Will I remain in old regime for AY 2024-25?\"> Q.12. I opted out in past years. Will I remain in old regime for AY 2024-25?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/carajput.com\/blog\/faqs-on-new-tax-vs-old-tax-regime\/#Q13_I_filed_Form_10-IEA_but_want_to_use_new_regime_Can_I_withdraw\" title=\" Q.13. I filed Form 10-IEA but want to use new regime. Can I withdraw?\"> Q.13. I filed Form 10-IEA but want to use new regime. Can I withdraw?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/carajput.com\/blog\/faqs-on-new-tax-vs-old-tax-regime\/#Q14_I_am_filing_ITR-5_Should_I_file_Form_10-IEA_or_10-IFA\" title=\" Q.14. I am filing ITR-5. Should I file Form 10-IEA or 10-IFA?\"> Q.14. I am filing ITR-5. Should I file Form 10-IEA or 10-IFA?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/carajput.com\/blog\/faqs-on-new-tax-vs-old-tax-regime\/#Income_Tax_Department_now_plans_to_cross-verify_your_claims_under_the_old_tax_regime\" title=\"Income Tax Department now plans to cross-verify your claims under the old tax regime\">Income Tax Department now plans to cross-verify your claims under the old tax regime<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/carajput.com\/blog\/faqs-on-new-tax-vs-old-tax-regime\/#How_It_Will_Happen_to_cross-verify_your_claims_under_the_old_tax_regime\" title=\"How It Will Happen to cross-verify your claims under the old tax regime\">How It Will Happen to cross-verify your claims under the old tax regime<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/carajput.com\/blog\/faqs-on-new-tax-vs-old-tax-regime\/#What_Has_Changed\" title=\"What Has Changed\">What Has Changed<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/carajput.com\/blog\/faqs-on-new-tax-vs-old-tax-regime\/#Additional_Details_Required\" title=\"Additional Details Required\">Additional Details Required<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/carajput.com\/blog\/faqs-on-new-tax-vs-old-tax-regime\/#1_House_Rent_Allowance_HRA\" title=\"1. House Rent Allowance (HRA)\">1. House Rent Allowance (HRA)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/carajput.com\/blog\/faqs-on-new-tax-vs-old-tax-regime\/#2_Insurance_80C_80D\" title=\"2. Insurance (80C, 80D)\">2. Insurance (80C, 80D)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/carajput.com\/blog\/faqs-on-new-tax-vs-old-tax-regime\/#3_Loans_80E_80EE_80EEA_80EEB\" title=\"3. Loans (80E, 80EE, 80EEA, 80EEB)\">3. Loans (80E, 80EE, 80EEA, 80EEB)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/carajput.com\/blog\/faqs-on-new-tax-vs-old-tax-regime\/#4_EV_Loan_Deductions\" title=\"4. EV Loan Deductions\">4. EV Loan Deductions<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-26470\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/04\/Overview-about-Income-Tax-Form-10IE-Form-10IEA.png\" alt=\"Form 10IE &amp; Form 10IEA.\" width=\"1280\" height=\"720\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/04\/Overview-about-Income-Tax-Form-10IE-Form-10IEA.png 1280w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/04\/Overview-about-Income-Tax-Form-10IE-Form-10IEA-300x169.png 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/04\/Overview-about-Income-Tax-Form-10IE-Form-10IEA-1024x576.png 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/04\/Overview-about-Income-Tax-Form-10IE-Form-10IEA-768x432.png 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/04\/Overview-about-Income-Tax-Form-10IE-Form-10IEA-800x450.png 800w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_New_Tax_vs_Old_Tax_Regime\"><\/span><span style=\"color: #000080;\"><strong>FAQs on New Tax vs Old Tax Regime\u00a0<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>From AY 2024-25, the new tax regime under Section 115BAC is the <em>default tax regime<\/em> for Individuals, HUFs, AOPs (excluding co-operative societies), BOIs, and Artificial Juridical Persons. However, taxpayers can opt out of the new regime and choose the old regime.<\/p>\n<ul>\n<li>Non-Business Income Cases: Option can be chosen every year directly in the ITR.<\/li>\n<li>Business\/Profession Income: Must file Form 10-IEA before the due date u\/s 139(1) to opt out of the new regime.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Q1_What_is_the_difference_between_the_old_and_new_tax_regime\"><\/span><span style=\"color: #000080;\"><strong>Q.1. What is the difference between the old and new tax regime?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Old Regime: Higher tax rates, but many exemptions\/deductions available (e.g., HRA, 80C, 80D).<\/li>\n<li>New Regime: Lower tax rates, but limited deductions allowed<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Q2_Which_regime_is_better\"><\/span><span style=\"color: #000080;\"><strong>Q.2. Which regime is better?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>It depends on your income composition and deductions. Use the <strong>Income Tax Calculator<\/strong> on the Income Tax Portal to compare.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Q3_Should_employees_inform_employers_about_their_chosen_regime\"><\/span><span style=\"color: #000080;\"><strong> Q.3. Should employees inform employers about their chosen regime?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Yes. If no intimation is given, employer assumes default new regime and deducts TDS accordingly.<br \/>\nBut note: Intimating the employer is not equivalent to opting out. You must still choose the regime in your ITR or file Form 10-IEA (if applicable).<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Q4_Can_I_claim_HRA_exemption_under_the_new_regime\"><\/span><span style=\"color: #000080;\"><strong> Q.4. Can I claim HRA exemption under the new regime?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>No, HRA exemption u\/s 10(13A) is not allowed in the new tax regime.<\/p>\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-29390\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/06\/WHICH-GIVES-YOU-MORE-BENEFITS.jpg\" alt=\"Old vs New Tax Regime \u2013 Key Allowance Comparison\" width=\"1181\" height=\"1181\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/06\/WHICH-GIVES-YOU-MORE-BENEFITS.jpg 1181w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/06\/WHICH-GIVES-YOU-MORE-BENEFITS-300x300.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/06\/WHICH-GIVES-YOU-MORE-BENEFITS-1024x1024.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/06\/WHICH-GIVES-YOU-MORE-BENEFITS-150x150.jpg 150w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/06\/WHICH-GIVES-YOU-MORE-BENEFITS-768x768.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/06\/WHICH-GIVES-YOU-MORE-BENEFITS-800x800.jpg 800w\" sizes=\"(max-width: 1181px) 100vw, 1181px\" \/><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Q5_Is_standard_deduction_of_%E2%82%B950000_allowed_in_the_new_regime\"><\/span><span style=\"color: #000080;\"><strong> Q.5. Is standard deduction of \u20b950,000 allowed in the new regime?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Yes, from AY 2024-25, standard deduction is available in both regimes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Q6_Are_Chapter_VI-A_deductions_allowed_in_the_new_regime_eg_80C_80D_80G\"><\/span><span style=\"color: #000080;\"><strong>Q6. Are Chapter VI-A deductions allowed in the new regime (e.g., 80C, 80D, 80G)?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Generally, No, except:<\/p>\n<ul>\n<li>80CCD(2) \u2013 Employer&#8217;s NPS contribution<\/li>\n<li>80CCH \u2013 Agniveer Corpus Fund<\/li>\n<li>80JJAA \u2013 Employment of new employees<br \/>\nTo claim others, opt for old regime via ITR or Form 10-IEA (for business income).<\/li>\n<\/ul>\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-29116\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/04\/photo_2025-04-06_23-48-44.jpg\" alt=\"Comparison of Deductions under Old Regime vs New Regime for FY 2024-25\" width=\"1080\" height=\"1080\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/04\/photo_2025-04-06_23-48-44.jpg 1080w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/04\/photo_2025-04-06_23-48-44-300x300.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/04\/photo_2025-04-06_23-48-44-1024x1024.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/04\/photo_2025-04-06_23-48-44-150x150.jpg 150w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/04\/photo_2025-04-06_23-48-44-768x768.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/04\/photo_2025-04-06_23-48-44-800x800.jpg 800w\" sizes=\"(max-width: 1080px) 100vw, 1080px\" \/><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Q7_Can_I_claim_interest_on_housing_loan_for_self-occupied_property_in_new_regime\"><\/span><span style=\"color: #000080;\"><strong> Q.7. Can I claim interest on housing loan for self-occupied property in new regime?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>No, such interest deduction is not allowed in the new regime.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Q8_Are_there_senior_citizen_benefits_in_the_new_regime\"><\/span><span style=\"color: #000080;\"><strong> Q.8. Are there senior citizen benefits in the new regime?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Old regime: \u20b93,00,000 (senior), \u20b95,00,000 (super senior) basic exemption.<\/li>\n<li>New regime: No differential slabs, but rebate available on income up to \u20b97,00,000.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Q9_How_does_Section_87A_rebate_differ_in_both_regimes\"><\/span><span style=\"color: #000080;\"><strong> Q.9. How does Section 87A rebate differ in both regimes?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Old regime: Rebate up to \u20b912,500 for income \u2264 \u20b95,00,000.<\/li>\n<li>New regime: Rebate up to \u20b925,000 for income \u2264 \u20b97,00,000.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Q10_Is_Form_10-IEA_required_to_opt_for_old_regime_in_ITR_filing\"><\/span><span style=\"color: #000080;\"><strong> Q.10. Is Form 10-IEA required to opt for old regime in ITR filing?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Yes, only for taxpayers with business\/profession income (ITR-3, 4, 5).<\/li>\n<li>No, for salaried or other non-business taxpayers (ITR-1, 2); just select \u201cOpting Out\u201d in the ITR.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-26471\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/04\/Form-10IEA-for-AY-2024-25.jpg\" alt=\"Form 10IEA for AY 2024-25\" width=\"1274\" height=\"923\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/04\/Form-10IEA-for-AY-2024-25.jpg 1274w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/04\/Form-10IEA-for-AY-2024-25-300x217.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/04\/Form-10IEA-for-AY-2024-25-1024x742.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/04\/Form-10IEA-for-AY-2024-25-768x556.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/04\/Form-10IEA-for-AY-2024-25-800x580.jpg 800w\" sizes=\"(max-width: 1274px) 100vw, 1274px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Q11_Can_I_switch_regimes_every_year\"><\/span><span style=\"color: #000080;\"><strong> Q.11. Can I switch regimes every year?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Non-business income: Yes, switch every year.<\/li>\n<li>Business income: Only <em>once<\/em> can you switch back to the new regime after opting out. No further switching allowed after that.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Q12_I_opted_out_in_past_years_Will_I_remain_in_old_regime_for_AY_2024-25\"><\/span><span style=\"color: #000080;\"><strong> Q.12. I opted out in past years. Will I remain in old regime for AY 2024-25?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>No, the new regime is default from AY 2024-25. You must submit Form 10-IEA again to opt out.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Q13_I_filed_Form_10-IEA_but_want_to_use_new_regime_Can_I_withdraw\"><\/span><span style=\"color: #000080;\"><strong> Q.13. I filed Form 10-IEA but want to use new regime. Can I withdraw?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>No, once Form 10-IEA is filed, it cannot be revoked for that AY. You can re-enter the new regime <em>next year only<\/em> via new Form 10-IEA.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Q14_I_am_filing_ITR-5_Should_I_file_Form_10-IEA_or_10-IFA\"><\/span><span style=\"color: #000080;\"><strong> Q.14. I am filing ITR-5. Should I file Form 10-IEA or 10-IFA?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Form 10-IEA: For AOP, BOI, AJP (non-cooperative societies).<\/li>\n<li>Form 10-IFA: For <em>new manufacturing cooperative societies<\/em> opting for Section 115BAE.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Income_Tax_Department_now_plans_to_cross-verify_your_claims_under_the_old_tax_regime\"><\/span><span style=\"color: #000080;\">Income Tax Department now plans to cross-verify your claims under the old tax regime<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-30218\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/08\/Income-Tax-Department-now-plans-to-cross-verify-your-claims-under-the-old-tax-regime.jpg\" alt=\"Income Tax Department now plans to cross-verify your claims under the old tax regime\" width=\"1155\" height=\"1703\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/08\/Income-Tax-Department-now-plans-to-cross-verify-your-claims-under-the-old-tax-regime.jpg 868w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/08\/Income-Tax-Department-now-plans-to-cross-verify-your-claims-under-the-old-tax-regime-203x300.jpg 203w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/08\/Income-Tax-Department-now-plans-to-cross-verify-your-claims-under-the-old-tax-regime-694x1024.jpg 694w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/08\/Income-Tax-Department-now-plans-to-cross-verify-your-claims-under-the-old-tax-regime-768x1133.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/08\/Income-Tax-Department-now-plans-to-cross-verify-your-claims-under-the-old-tax-regime-800x1180.jpg 800w\" sizes=\"(max-width: 1155px) 100vw, 1155px\" \/><\/p>\n<h3 data-start=\"252\" data-end=\"281\"><span class=\"ez-toc-section\" id=\"How_It_Will_Happen_to_cross-verify_your_claims_under_the_old_tax_regime\"><\/span><span style=\"color: #000080;\"><strong data-start=\"259\" data-end=\"281\">How It Will Happen t<\/strong>o cross-verify your claims under the old tax regime<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"1386\" data-end=\"1718\">The tax department\u2019s backend integration means that all old-regime deductions (80C, 80D, HRA, housing\/education\/EV loans, etc.) will now be digitally verified against third-party data. Taxpayers must maintain accurate, detailed proofs and ensure all entries match official records to avoid scrutiny or mismatch notices.\u00a0An integrated backend system will automatically verify claims during ITR filing, mapped with your PAN and Aadhaar. Data will be cross-verified from<\/p>\n<ul data-start=\"445\" data-end=\"544\">\n<li data-start=\"445\" data-end=\"468\">\n<p data-start=\"447\" data-end=\"468\">Insurance companies<\/p>\n<\/li>\n<li data-start=\"469\" data-end=\"478\">\n<p data-start=\"471\" data-end=\"478\">Banks<\/p>\n<\/li>\n<li data-start=\"479\" data-end=\"505\">\n<p data-start=\"481\" data-end=\"505\">Vahan (mParivahan) app<\/p>\n<\/li>\n<li data-start=\"506\" data-end=\"544\">\n<p data-start=\"508\" data-end=\"544\">Employers and government platforms<\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"551\" data-end=\"578\"><span class=\"ez-toc-section\" id=\"What_Has_Changed\"><\/span><span style=\"color: #000080;\"><strong data-start=\"558\" data-end=\"578\">What Has Changed<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul data-start=\"579\" data-end=\"857\">\n<li data-start=\"579\" data-end=\"655\">\n<p data-start=\"581\" data-end=\"655\">No more one-time lump-sum entries (e.g., \u20b91.5 lakh under Section 80C).<\/p>\n<\/li>\n<li data-start=\"656\" data-end=\"727\">\n<p data-start=\"658\" data-end=\"727\">Must provide break-up of investments (PPF, ELSS, LIC, etc.).<\/p>\n<\/li>\n<li data-start=\"728\" data-end=\"789\">\n<p data-start=\"730\" data-end=\"789\">Automated verifications and instant error flagging.<\/p>\n<\/li>\n<li data-start=\"790\" data-end=\"857\">\n<p data-start=\"792\" data-end=\"857\">Immediate intimations will be sent for mismatched entries.<\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"864\" data-end=\"902\"><span class=\"ez-toc-section\" id=\"Additional_Details_Required\"><\/span><span style=\"color: #000080;\"><strong data-start=\"871\" data-end=\"902\">Additional Details Required<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h4 data-start=\"904\" data-end=\"942\"><span class=\"ez-toc-section\" id=\"1_House_Rent_Allowance_HRA\"><\/span><span style=\"color: #000080;\"><strong data-start=\"909\" data-end=\"942\">1. House Rent Allowance (HRA)<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul data-start=\"943\" data-end=\"1025\">\n<li data-start=\"943\" data-end=\"963\">\n<p data-start=\"945\" data-end=\"963\">Employer details<\/p>\n<\/li>\n<li data-start=\"964\" data-end=\"983\">\n<p data-start=\"966\" data-end=\"983\">Rent paid proof<\/p>\n<\/li>\n<li data-start=\"984\" data-end=\"1025\">\n<p data-start=\"986\" data-end=\"1025\">Landlord\u2019s PAN (if rent &gt; \u20b91 lakh\/year)<\/p>\n<\/li>\n<\/ul>\n<h4 data-start=\"1027\" data-end=\"1059\"><span class=\"ez-toc-section\" id=\"2_Insurance_80C_80D\"><\/span><span style=\"color: #000080;\"><strong data-start=\"1032\" data-end=\"1059\">2. Insurance (80C, 80D)<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul data-start=\"1060\" data-end=\"1114\">\n<li data-start=\"1060\" data-end=\"1077\">\n<p data-start=\"1062\" data-end=\"1077\">Policy number<\/p>\n<\/li>\n<li data-start=\"1078\" data-end=\"1094\">\n<p data-start=\"1080\" data-end=\"1094\">Insurer name<\/p>\n<\/li>\n<li data-start=\"1095\" data-end=\"1114\">\n<p data-start=\"1097\" data-end=\"1114\">Investment date<\/p>\n<\/li>\n<\/ul>\n<h4 data-start=\"1116\" data-end=\"1159\"><span class=\"ez-toc-section\" id=\"3_Loans_80E_80EE_80EEA_80EEB\"><\/span><span style=\"color: #000080;\"><strong data-start=\"1121\" data-end=\"1159\">3. Loans (80E, 80EE, 80EEA, 80EEB)<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul data-start=\"1160\" data-end=\"1242\">\n<li data-start=\"1160\" data-end=\"1173\">\n<p data-start=\"1162\" data-end=\"1173\">Bank name<\/p>\n<\/li>\n<li data-start=\"1174\" data-end=\"1197\">\n<p data-start=\"1176\" data-end=\"1197\">Loan account number<\/p>\n<\/li>\n<li data-start=\"1198\" data-end=\"1215\">\n<p data-start=\"1200\" data-end=\"1215\">Sanction date<\/p>\n<\/li>\n<li data-start=\"1216\" data-end=\"1242\">\n<p data-start=\"1218\" data-end=\"1242\">Balance as on 31 March<\/p>\n<\/li>\n<\/ul>\n<h4 data-start=\"1244\" data-end=\"1274\"><span class=\"ez-toc-section\" id=\"4_EV_Loan_Deductions\"><\/span><span style=\"color: #000080;\"><strong data-start=\"1249\" data-end=\"1274\">4. EV Loan Deductions<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul data-start=\"1275\" data-end=\"1355\">\n<li data-start=\"1275\" data-end=\"1306\">\n<p data-start=\"1277\" data-end=\"1306\">Vehicle registration number<\/p>\n<\/li>\n<li data-start=\"1307\" data-end=\"1323\">\n<p data-start=\"1309\" data-end=\"1323\">Loan details<\/p>\n<\/li>\n<li data-start=\"1324\" data-end=\"1355\">\n<p data-start=\"1326\" data-end=\"1355\">Verified via mParivahan app<\/p>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>FAQs on New Tax vs Old Tax Regime\u00a0 From AY 2024-25, the new tax regime under Section 115BAC is the default tax regime for Individuals, HUFs, AOPs (excluding co-operative societies), BOIs, and Artificial Juridical Persons. However, taxpayers can opt out of the new regime and choose the old regime. Non-Business Income Cases: Option can be &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[150],"tags":[10261],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/29633"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=29633"}],"version-history":[{"count":4,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/29633\/revisions"}],"predecessor-version":[{"id":29635,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/29633\/revisions\/29635"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=29633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=29633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=29633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}