23/4/2025, 2:28:02 pm

Can I switch to the old income tax regime while filing ITR?

For the 2024-25 financial year, under the new tax regime, the NPS contribution is tax-deductible up to Rs 2 lakh. The education loan interest can be fully claimed by the taxpayer repaying the loan, regardless of the co-borrower's income status. Taxpayers can switch regimes during ITR filing to optimize benefits, but mid-year changes require employer confirmation.