How to Opt for Old Tax Regime Currently, a taxpayer with income from a business or profession is required to file Form 10IE to opt for the new tax regime. This form was introduced in October 2020.

The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...

Save more tax in old tax regime by claiming up to Rs 8.5 lakh tax deductions for a salary income up to Rs 25 lakh. Moreover, ...

Do you know that a large part of your earnings goes in the form of tax? But now this will not happen! The central government has made such changes in the new tax system that will leave more money in ...

Anyone earning Rs 2.5 lakh or more in India must file an ITR. This rule applies to everyone, not just high-income earners.

So, accordingly the proposed tax slabs under the new tax regime for the FY 2025-26 or AY 2026-27 2 ... Updated ITR filed using the form ITR-U enables taxpayers to update their ITRs i.e. correct their ...

The government introduced a new tax regime of lower tax rates in Budget 2020, which continues in FY 2025-26. In Budget 2025, the government pushed for the adoption of the new tax regime of lower tax ...

About 74 per cent of the people have already adopted the new tax regime. I am sure that with ... it again comes back in some form through taxes. So, basically, it is an integrated sort of exercise ...

Finance Minister Nirmala Sitharaman announced new tax slabs in the new tax regime 2025, so there will be no income tax for ...

Finance Minister Nirmala Sitharaman presented the Union Budget 2025 on February 1, introducing a series of tax reforms, aimed at fostering economic growth, simplifying tax compliance, and ...

JCIT (A) upheld the CPC’s action, stating that under section 115BAC, once the option for the new regime is exercised, it cannot be withdrawn for the current year, only for subsequent years. However, ...