No, the new Income Tax regime can be selected and introduced by the finance department to facilitate tax compliance. The taxpayer has the option of choosing a new Tax state or continuing with the old tax regime. If you are an employee, the option should be selected at the beginning of the year and can be changed next year. However, in the case of business or professionalism, the option is available only once in AY 20-21. We will advise you to check your tax exits looking at both states and choose the one that will help you the most.