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 ...
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 ...
Finance Minister Nirmala Sitharaman announced new tax slabs in the new tax regime 2025, so there will be no income tax for ...
Taxpayers should note the revised tax slabs and rates announced in Budget 2025-26 will only be applicable for the Financial ...
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Tax Tips: Has the old tax regime become useless in front of the new one? No, the old is still better for these people..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.
If you have seen the latest tax rates, you must have noticed that there is 5 percent tax on income between ₹4 to 8 lakh and ...
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the CPC’s action, stating that under section 115BAC, once the option for the new regime is exercised, it cannot be withdrawn for the current year, only for subsequent years.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, ...
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