However, the process is yet to commence, as the Income Tax Department has not officially notified the ITR forms required to ...

The Income Tax Department is expected to soon release the online ITR forms, which will officially open the e-filing process.

As the Income Tax Return (ITR) filing season for Assessment Year (AY) 2025-26 approaches, taxpayers are gearing up to meet ...

However, there’s a crucial caveat. This flexibility to change regimes is only available if the ITR is filed on or before the ...

Salaried individuals and pensioners can switch tax regimes every year while filing their ITR, while taxpayers with income from business or profession can switch regimes only once in lifetime.

Let's say you had earlier chosen the old tax regime, but now the new regime appears more beneficial after reviewing your ...

Know when ITR filing for AY 2025–26 will begin, key dates like Form 16 issuance, refund timelines, and how to ensure faster ...

The income tax return form, by default, applies to the new regime. It inquires from the taxpayers whether they wish to come out under Section 115 BAC. Selecting 'Yes' transfers them to the old tax ...

When you file your Income Tax Return (ITR), you might notice that you’ve paid more tax than you actually owe. This could be due to excess TDS deductions, advance tax payments or eligible deductions ...

ITR Filing For FY 2024-25 ... your ITR will be processed under the new tax regime by default. In such cases, the income tax portal won’t allow you to switch to the old regime.