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 ...

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

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 ...

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

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 ...

Ravi Agrawal, in a post-Budget interview, pointed out that the income tax payment provisions announced in Budget 2025 not ...

The new tax regime offers lower tax rates for forgoing various deductions and rebates for interest paid on housing loans ...

He also cited the new tax regime (NTR), where there are no deductions or exemptions ... it again comes back in some form ...

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the CPC’s action, stating that under section 115BAC, once the option for the new regime is exercised, it cannot be withdrawn for the current year, only for subsequent years.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

The government has revised the tax structure under the new regime with Finance Minister Nirmala Sitharaman announcing that ...