Can I Choose the Old Tax Regime While Filing ITR for the First Time in AY 2025-26?

[Not S1mple]

I hope you can help me out with some tax filing advice. This will be the first time in my life that I am going to file an Income Tax Return. I have never filed an ITR against my PAN before.​

My questions are:

1. Will I be able to choose the old tax regime when I file my ITR for the Assessment Year 2025-26?
2. As the belated ITR date has been extended for AY 2024-25, is there any possibility I could choose the old tax regime by filing the ITR through the (JSON) file format?

Any insights or advice would be greatly appreciated!

Thanks in advance! 😊

 

[NAB]

Yes, you can file your ITR under the Old Regime. No issues.

 

[venkat27]

I hope you can help me out with some tax filing advice. This will be the first time in my life that I am going to file an Income Tax Return. I have never filed an ITR against my PAN before.​

My questions are:

1. Will I be able to choose the old tax regime when I file my ITR for the Assessment Year 2025-26?
2. As the belated ITR date has been extended for AY 2024-25, is there any possibility I could choose the old tax regime by filing the ITR through the (JSON) file format?

Any insights or advice would be greatly appreciated!

Thanks in advance! 😊

yes, you can. But you are saying 1st time you are filing tax, so I guess doesn't matter if you choose new tax or old tax. But if your income is more than 18 lakhs then consider old tax regime.

 

[NAB]

yes, you can. But you are saying 1st time you are filing tax, so I guess doesn't matter if you choose new tax or old tax. But if your income is more than 18 lakhs then consider old tax regime.

Why old regime for 18 Lac+? Any Specific reason?