Tax Guru

Why You May Be Forced into New Tax Regime if you missed ITR Deadline

Missing the ITR due date u/s 139(1) mandates the use of the new tax regime, as the option to choose the old regime or file Form 10−IEA is ...

Old vs new tax regime: Can salaried employees switch tax regime at the time of filing ITR?

The actual exercise of choosing between the two regimes has to be done by the employee at the time of filing the ITR.
Tax Guru

Form 10-IEA: Option to Choose Old Tax Regime

Effective A.Y. 2024-25, the new tax regime is the default. Taxpayers with business or professional income must file Form 10-IEA to opt for the old ...

Less than 10 hours remain to file ITR without penalty: One last chance to opt old tax regime and fix mistakes made in ITR

You did not file your ITR on September 15, 2025 due to any reason File your ITR now to prevent paying any late fee for ...
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ITR Filing: Income tax slabs for salaried individuals under new regime and old regime

The Income Tax (I-T) Department has extended the deadline for filing income tax return (ITR) for FY 2024-25. The revised due date is now September 15, 2025, extended from the original deadline of July ...

NITI Aayog proposes optional presumptive tax regime for foreign investors

Government think tank Niti Aayog has proposed an optional industry-specific presumptive taxation scheme for foreign companies ...