Home > Income Tax > Help Center > Switching Rules Last Updated: Aug 02nd 2024
Old or New Income Tax Regime — Switching Rules
Want to increase your refunds by switching income tax regimes?
Starting from FY 2023-24 (AY 2024-25), the rules for switching tax regimes are different and are based on return types such as original, belated, defective, and modified, and the itr forms such as ITR-1/2/3/4.
Possibilities to Switch a Tax Regime for FY 2023-24 onwards
- Pick and ITR form 1/2/3/4 that you are filing
- Pick the return type you are filing like Original, Belated, Revised, Defective, and Updated
- Check below table to see whether it is allowed to select a tax regime or not?
| Filing Type | |||||
|---|---|---|---|---|---|
| ITR Form | Original | Belated | Updated | Revised * | Defective |
| ITR-1 | Old/New Regime | New Regime | New Regime | Check below table * | Follow the Original ITR's Tax Regime. |
| ITR-2 | Old / New Regime | New Regime | New Regime | ||
| ITR-3 | Old / New Regime | New Regime | New Regime | ||
| ITR-4 | Old / New Regime | New Regime | New Regime | ||
Revised Return's tax regime switching rules
| Original filed under? | ITR-1 | ITR-2 | ITR-3 | ITR-4 |
|---|---|---|---|---|
| Old Regime | Old / New Regime | Old / New Regime | Old / New Regime | Old / New Regime |
| New Regime | Old / New Regime | Old / New Regime | New Regime ^ | New Regime ^ |
^NOTE : If you have submitted ITR 3 or ITR 4 in the New tax regime in your original return, but you have also submitted form 10IEA before July 31, you may continue to file under the Old tax regime. This is an exception; otherwise, it may only be submitted under the new tax regime.