Form 10‑IEA: How to Opt for the Old Tax Regime Under India’s New Default from AY 2024–25
Starting Assessment Year (AY) 2024–25, India’s new tax regime under Section 115BAC became the default for all taxpayers. To opt for the old tax regime (with deductions and exemptions), individuals and HUFs with business or professional income must now submit Form 10‑IEA before filing their ITR .This binding declaration ensures you can’t later switch to the new regime […]
