old regime vs new regime

How to Switch Between the Old and New Regime while Filing Income Tax Return 2025

6 July 2025 by Aditya Narayan Parida

To switch between old and new tax regimes while filing your Income Tax Return (ITR) for FY 2024-25 (AY 2025-26), the process depends on whether you have business or professional income or only salary/other income. Here’s a detailed guide: 1. For Individuals with Salary or …

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Income Tax Return Filing 2025: Who is Generally Suitable for New Tax Regime?

5 July 2025 by Aditya Narayan Parida

For AY 2025-26, the New Regime of Income Tax under section 115BAC(1A) is suitable for the following types of individuals, depending on their income structure, deductions, and preferences: ✅ Who is Generally Suitable for the New Tax Regime (115BAC(1A))? Individuals with No Major Deductions or Exemptions …

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