How do I choose my Tax Regime?

Starting from the financial year 2024–2025, employees are required to declare their preferred tax regime in accordance with the Income Tax Department’s guidelines issued

Important Points:

• By default, all employees will be enrolled under the New Tax Regime.
• However, you have the option to switch to the Old Tax Regime, if preferred.
• The tax regime can be selected only once during the financial year.
• Before making your choice, it is recommended to use the Income Tax Calculator to compare your tax liability under both regimes and choose the one that works best for you.

How to Declare Your Tax Regime on the Employee Portal:

1. Log in to your Employee Portal.
2. Go to Tax Declarations > Investment Submissions.
3. A banner at the top of the page will display your current regime (e.g., “You are currently on the Old Tax Regime”).
4. Click the Edit button to switch between the Old and New Tax Regime as needed.
5. Use the Tax calculator. provided on the same page to compare your tax liability before making any changes.

Note:

Ensure that you verify your estimated tax liability using the calculator before finalizing your selection, as the chosen regime will remain locked for the rest of the financial year once submitted.