The Income Tax Department has introduced several changes effective from Financial Year 2024\u201325, aimed at streamlining tax compliance and improving taxpayer convenience. Here’s a complete overview of what\u2019s new in ITR filing for AY 2025\u201326.<\/p>\n\n\n\n
\u2705 1. New Tax Regime is Now the Default
From FY 2024\u201325, the new tax regime under Section 115BAC(1A) becomes the default tax structure. Taxpayers wishing to continue under the old tax regime must specifically opt for it while filing their ITR.<\/p>\n\n\n\n
\u2696\ufe0f 2. Old vs New Tax Regime \u2013 Rate Comparison \u2705 Standard Deduction of \u20b950,000 is available under both regimes (from FY 2023\u201324 onwards).<\/p>\n\n\n\n \ud83e\uddfe 3. Section 87A Rebate \u2013 Full Tax Rebate for Small Taxpayers <\/p>\n\n\n\n \ud83d\udca1 If your taxable income is slightly above \u20b97 lakh under the new regime, you may consider deductions under Section 80C, 80D, etc. to reduce it and become eligible for the rebate.<\/p>\n\n\n\n \ud83d\udd04 4. Other Important Updates for FY 2024\u201325 Section 44ADA (Professionals): Limit raised to \u20b975 lakh (if cash receipts \u2264 5%)<\/p>\n\n\n\n \ud83d\udccc TDS & TCS Changes: Foreign Remittances (LRS): 20% TCS continues beyond \u20b97 lakh (except for education\/medical).<\/p>\n\n\n\n \ud83d\udccc AIS, TIS, and Form 26AS Integration: Pre-filled data will be made available in the ITR portal.<\/p>\n\n\n\n \ud83d\udcc5 Key Due Dates for AY 2025\u201326 \ud83d\udcbc Need Help Filing Your ITR? \u2705 Regime selection advice \ud83d\udc49 Contact our experts today for stress-free and timely ITR filing!<\/p>\n","protected":false},"excerpt":{"rendered":" The Income Tax Department has introduced several changes effective from Financial Year 2024\u201325, aimed at streamlining tax compliance and improving taxpayer convenience. Here’s a complete overview of what\u2019s new in ITR filing for AY 2025\u201326. \u2705 1. New Tax Regime is Now the DefaultFrom FY 2024\u201325, the new tax regime under Section 115BAC(1A) becomes the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-434","post","type-post","status-publish","format-standard","hentry","category-income-tax"],"_links":{"self":[{"href":"https:\/\/vittsalah.com\/index.php?rest_route=\/wp\/v2\/posts\/434","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vittsalah.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vittsalah.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vittsalah.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/vittsalah.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=434"}],"version-history":[{"count":1,"href":"https:\/\/vittsalah.com\/index.php?rest_route=\/wp\/v2\/posts\/434\/revisions"}],"predecessor-version":[{"id":435,"href":"https:\/\/vittsalah.com\/index.php?rest_route=\/wp\/v2\/posts\/434\/revisions\/435"}],"wp:attachment":[{"href":"https:\/\/vittsalah.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vittsalah.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vittsalah.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/p>\n\n\n\nIncome Slab (\u20b9)<\/strong><\/td> Old Tax Regime<\/strong><\/td> New Tax Regime (Default)<\/strong><\/td><\/tr> 0 \u2013 2,50,000<\/td> Nil<\/td> Nil<\/td><\/tr> 2,50,001 \u2013 3,00,000<\/td> 5%<\/td> Nil<\/td><\/tr> 3,00,001 \u2013 5,00,000<\/td> 5%<\/td> 5%<\/td><\/tr> 5,00,001 \u2013 6,00,000<\/td> 20%<\/td> 5%<\/td><\/tr> 6,00,001 \u2013 9,00,000<\/td> 20%<\/td> 10%<\/td><\/tr> 9,00,001 \u2013 12,00,000<\/td> 30%<\/td> 15%<\/td><\/tr> 12,00,001 \u2013 15,00,000<\/td> 30%<\/td> 20%<\/td><\/tr> Above 15,00,000<\/td> 30%<\/td> 30%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/p>\n\n\n\nTax Regime<\/strong><\/td> Rebate Eligibility (Taxable Income \u2264)<\/strong><\/td> Maximum Rebate u\/s 87A<\/strong><\/td> Tax Payable After Rebate<\/strong><\/td><\/tr> New Regime<\/td> \u20b97,00,000<\/td> \u20b925,000<\/td> Nil<\/td><\/tr> Old Regime<\/td> \u20b95,00,000<\/td> \u20b912,500<\/td> Nil<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
\ud83d\udccc Presumptive Taxation Limits Increased:
Section 44AD (Business): Limit raised to \u20b93 crore (if cash receipts \u2264 5%)<\/p>\n\n\n\n
Online gaming (Sec 194BA): 30% TDS on winnings without any threshold.<\/p>\n\n\n\n
Taxpayers are advised to verify Annual Information Statement (AIS) and Form 26AS before filing.<\/p>\n\n\n\n
Type of Taxpayer ITR Filing Due Date
Individual (Non-Audit Case) 31st July 2025
Audit Cases 31st October 2025<\/p>\n\n\n\n
Whether you\u2019re a salaried individual, freelancer, business owner, or professional \u2014 choosing the right tax regime and ensuring accurate ITR filing is crucial.<\/p>\n\n\n\n
\u2705 Tax-saving strategies
\u2705 Form 26AS\/AIS reconciliation
\u2705 Complete filing & compliance support<\/p>\n\n\n\n