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I dont think switching back to old is allowed after you opt for new regime. If you claim HRA and use 80C... For 15 Lpa old and new would be the same.. if you take home loan etc then probably old is better
If you don't have any business income, you can switch between the two regimes every year.
https://www.financialexpress.com/money/income-tax/salaried-individuals-can-change-choice-of-tax-regime-when-filing-itr/2029933/
You can opt for new tax regime/old every financial year and once you opt one regime it can't be changed in the same financial year again
New regime would be better since you'll have only PF as your investment.
You cannot change the tax regime once opted but while filling ITR for the same you can opt to change as per your investments and get the refund of taxes paid.