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It’s not companies choice it’s a government policy
Yes
Must be
Pro
Yes
Yes
I can say, at Wipro, employees are given option to choose old or new tax regime. But, once you select new, there's no going back to old regime.
In a given financial year (Apr-Mar), whatever you choose once in a company, that will be the same for that FY for TDS deduction. You can only change the regime when filing the tax for that FY.
So, it is possible that for FY 21-22, you chose New regime in your company, but during filing you can choose to file as Old regime - so you will likely get a hefty tax return this way, if you have tax saving investments to show.
And, you can then change the regime again in next FY for TDS from your company.
You can change from old to new and vice versa , but only on next year.