New Delhi: Several instances have come up where an individual tax fil has chosen Old Tax Regime in his or her office investment declaration ... by the employer in Form 16A- Part B and Form 26AS.

your employer may have asked you to submit an ‘Investment Declaration’ form by now. This form, as you know, contains the details of the tax regime you wish to choose from (old or new), and the ...

You must be aware that the New Tax Regime (NTR ... additional information about these units. 3. Declaration and verification: Then you verify the form, and confirm the save.

How To Opt for Old Tax Regime Currently, a taxpayer with income from a business or profession is required to file Form 10IE to opt for the new tax regime. This form was introduced in October 2020.

It can be difficult for taxpayers to decide between these two tax regimes, particularly during the investment declaration ... ITR submission under the new tax regime. Form 10-IEA is designed ...

If opting for the default New Tax Regime, minimal action is required. However, those opting for the Old Tax Regime will need to complete Form 10-IEA. Form 10-IEA is a declaration used by taxpayers ...