This means that such deposit holders may not need to file self-declaration ... Income Tax Budget 2025 LIVE: Taxpayers should consider switching to the new tax regime if - 1. You don’t want ...

To begin with, the FM is keen to sunset the Old Personal Tax Regime (OPTR) as all the tax benefits are now proposed under New Personal ... tax rates and no tax declaration or providing ...

Crypto transactions are now to be reported to the Income Tax Department through an method to be notified later. The G20 ...

With the proposed changes, NPTR will now become far more appealing for individuals as it would mean availing beneficial tax ...

Finance Minister Nirmala Sitharaman implemented changes to the slabs, rates, and rebates under the New Tax Regime to ...

such as simplified ITR-1 forms and pre-filled returns, are not 'very complex.' The new tax regime (NTR) further facilitates ease in tax filing by removing deductions and exemptions, encouraging ...

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.

He also cited the new tax regime (NTR), where there are no deductions ... it again comes back in some form through taxes." "So, basically, it is an integrated sort of exercise," he said.

So, accordingly the proposed tax slabs under the new tax regime for the FY 2025-26 or AY 2026-27 2 ... Updated ITR filed using the form ITR-U enables taxpayers to update their ITRs i.e. correct their ...

A relief came in the form of a Rs 2,000 rebate for incomes up to Rs 5 lakh. Fast forward to Budget 2025-26, and the tax landscape looks starkly different. The new income tax regime, which was ...

He also cited the new tax regime (NTR), where there are no deductions ... it again comes back in some form through taxes." "So, basically, it is an integrated sort of exercise," he said.