ITR filing FY 2024-25: How can taxpayers switch between old and new income tax regimes? Explained
Monday, 30 June 2025 ITR filing FY 2024-25: Like every year, for AY 2025-26, taxpayers must choose between the new and old income tax regimes when filing ITR. The new regime is the default. Salaried individuals can switch annually by filing on time, while those with business income face stricter rules and must submit Form 10-IEA to opt out of the new regime.
U.S. President Donald Trump has warned that New York City could lose over $100 million in federal funding if Democratic Socialist Zohran Mamdani becomes mayor. In a fiery Fox News interview, Trump..
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Ukraine and Russia commence new prisoner of war exchange
Ukraine and Russia have started a new prisoners of war exchange, following the agreement reached at the second round of direct talks in..
Credit: euronews (in English) Duration: 01:13Published
ITR filing FY 2024-25 (AY 2025-26): Taxpayers can choose between the old and new income tax regimes annually, provided they don't have business income. The new... IndiaTimes Also reported by •DNA
The income tax department has implemented new validation rules for ITR-1 and ITR-4 forms for FY 2024-25, requiring detailed disclosures, especially for salaried... IndiaTimes
Filing income tax returns for FY 2024-25 is necessary if taxable income exceeds ₹3 lakh (new regime) or ₹2.5 lakh (old regime). Mandatory filing also applies... IndiaTimes
Monday, 30 June 2025
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