# old tax regime
6 posts in `old tax regime` tag
Changing Between New Tax Regime to Old Tax Regime While Filing Your Tax Returns: Explained
As per the CBDT and tax experts, this process is significant because the Finance Act of 2023 has established the new tax regime as the default option. Nonetheless, individuals can switch between the old and new tax regimes each year.
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By Krishna
Introducing Form 10-IEA: CBDT's Latest Addition for Business Owners and Professionals Choosing the Old Tax Regime
As per the CBDT release, individuals with business or professional income who wish to opt out of the new tax regime must submit Form 10-IEA before the due date mentioned in Section 139(1) of the Income-tax Act, 1961, for filing their income tax return for the respective assessment year.
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By Krishna
Which Is Better OLD Or NEW Tax Regime For Salaried Employees
The new financial has begun on 1st April 2023 and many taxpayers are still wondering about the merits and demerits of both tax regimes. The new and old tax regimes have pros and cons for the taxpayers, so it becomes quite perplexing to choose the most suitable tax regime.
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By Krishna
New Tax Regime & Old Tax Regime: Which Regime Is Better
The new and old tax regimes have its merits & demerits for the taxpayers, so it becomes quite perplexing to choose the most suitable tax regime.
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By Krishna
Benefit in Old And New Tax Regime Rates For F.Y. 2023-2024 AY 2024-2025
Under the new tax system, the standard deduction benefit is now available to salaried individuals and retirees (including family pensioners).
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By Krishna
Comparison Of Old And New Tax Regime Rates For AY 2021-22
New Income Tax Slab Rates introduced in the Budget 2020 for AY 2021-22 onwards is kept optional for the taxpayers, where, they are open to choose the tax slabs of old regime (FY 2019-20).
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By Krishna