India  

ITR filing FY 2024-25: How can taxpayers switch between old and new income tax regimes? Explained

IndiaTimes 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.
0
shares
ShareTweetSavePostSend
 

You Might Like


Related videos from verified sources

Ozzy Osbourne's Family and Fans Mourn at His Funeral in Birmingham; Liam Neeson and Pamela Anderson Debut Relationship; My Best [Video]

Ozzy Osbourne's Family and Fans Mourn at His Funeral in Birmingham; Liam Neeson and Pamela Anderson Debut Relationship; My Best

Ozzy Osbourne's funeral procession brings out thousands. Thousands of fans lined the streets to pay their respects to the late Black Sabbath singer during a public procession in his hometown of..

Credit: LifeMinute.tv     Duration: 01:04Published
Ozzy Osbourne Dead at 76, Katie Holmes Reunites with Dawson's Creek Co-Star Joshua Jackson in New Movie, Child Actor Jimmy Hunt  [Video]

Ozzy Osbourne Dead at 76, Katie Holmes Reunites with Dawson's Creek Co-Star Joshua Jackson in New Movie, Child Actor Jimmy Hunt

Bill Cosby, Jamie Foxx, Beyoncé and Kate Hudson pay tribute to The Cosby Show 's Malcolm-Jamal Warner after tragic drowning death. Bill Cosby's rep confirmed that he heard the news of his late..

Credit: LifeMinute.tv     Duration: 01:15Published
Love Island USA Winners Revealed, Olivia Culpo Welcomes Baby Girl, Brody Jenner and Tia Blanco Marry [Video]

Love Island USA Winners Revealed, Olivia Culpo Welcomes Baby Girl, Brody Jenner and Tia Blanco Marry

Love Island USA 2025 finale reveals Amaya Espinal and Bryan Arenales as Season 7 winners. Amaya Espinal, a 25-year-old nurse and model from New York City and Bryan Arenales a 28-year-old financial..

Credit: LifeMinute.tv     Duration: 01:00Published

Related news from verified sources

Income Tax Return e-filing: Can you keep switching between new and old tax regime every year? What taxpayers should know

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

ITR filing FY 2024-25: Taxpayers take note! These 7 changes in new ITR forms excel utilities are important

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

ITR filing: What is the basic exemption limit for FY 2024-25 & under what conditions do you still need to file tax return?

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