Calling option for Employees to declare their intended Tax Regime (Old or New) under section 115BAC for the FY 2023-24 :

BSNL CO is calling for employees to declare their intended tax regime (Old or New) under section 115BAC for the fiscal year 2023-24. The new tax regime is the default option, but employees can choose to opt out if they do not have income from business or profession.

Employees are requested to submit their declaration by 21st April 2024, to the relevant DDOs/AO(Pay/HCM/Cash). If no intimation is made, it will be assumed that the employee is continuing with the default new tax regime.

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