New Tax Regime Related Articles

Apr - 2024

23

New Tax Regime: Recent Income Tax Changes in India

New Tax Regime: Recent Income Tax Changes in India

New Tax Regime: Recent Income Tax Changes in India Understanding the latest updates is essential for every taxpayer in the dynamic world of income taxation. The fiscal year 2023-24 marks a pivotal era with substantial changes to India's income tax regime, influencing individuals, businesses, and pr ...

Apr - 2024

01

Form 10IE Or Form 10IEA: Which Form should you File?

Form 10IE Or Form 10IEA: Which Form should you File?

Form 10IE Or Form 10IEA: Which Form should you File? Taxpayers filing for the upcoming financial year (2024-2025) might be confused between Form 10IE and Form 10IEA. The main difference between these forms is that Form 10IE was used to opt for the new tax regime, while Form 10IEA lets you choose th ...

Jul - 2023

06

ITR-1: Key Differences between the Old and New Tax Regime

ITR-1: Key Differences between the Old and New Tax Regime

ITR-1: Key Differences between the Old and New Tax Regime Filing income tax returns is a significant financial obligation for individuals, and understanding the different tax regimes is crucial for accurate reporting. With the introduction of the new tax regime in Budget 2020, taxpayers have been p ...

Jul - 2023

01

New Form 10-IEA for Opting & Withdrawing from New Tax Regime for FY 23-24

New Form 10-IEA for Opting & Withdrawing from New Tax Regime for FY 23-24

New Form 10-IEA for Opting & Withdrawing from New Tax Regime for FY 23-24 The Central Board of Direct Taxes has introduced Form 10-IEA for business owners and professionals who wish to continue using the old income tax regime in the current financial year. Starting from FY 2023-24, the new tax ...

Jun - 2023

28

CBDT Clarification on TDS from Salary under New Tax Regime

CBDT Clarification on TDS from Salary under New Tax Regime

CBDT Clarification on TDS from Salary under New Tax Regime The Central Board of Direct Taxes (CBDT) recently issued Circular 4/2023 on 5th April 2023. This circular aims to clarify the deduction of Tax Deducted at Source (TDS) under Section 192 of the Income-tax Act, 1961, in conjunction with sub-s ...

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