How to Opt Out of New Tax Regime FY 2024-25
The deadline for non-audit cases is September 15, 2025, so don't wait. File Form 10-IEA on or before this date to optimize your tax strategy for years to come.
For more information 🔗https://www.setindiabiz.com/blog/how-to-opt-out-new-tax-regime-form-10-iea-fy-2024-25
#TaxPlanning #Form10IEA #OldTaxRegime #BusinessTax #Setindiabiz
⚡️ ITR Old Regime Filers, Read This! ⚡️
From AY 2025–26, you must report extra details to claim tax deductions:
✔️ Insurance Policy Numbers
✔️ Full Loan Details (Name, A/c No., Start Date, Balance, Interest Paid)
✔️ EV Loan? Add Vehicle Reg. No.
📊 See table for what’s now mandatory!
🚨 OLD REGIME ITR FILERS — NEW RULE!
From AY 2025–26, you must provide detailed proof for these popular deductions 👇
🏠 Home Loan
🎓 Education Loan
🚗 EV Loan
❤️ Health Insurance
🛡️ Life Insurance
📌 Don’t miss this! Table inside →
🚨 Filing ITR for AY 2025–26 under Old Regime? Read this!
The Income Tax Dept. has released ITR-1 & ITR-4 utilities—and they're longer and stricter for those claiming deductions! 📄
🎯 Know what’s changed:
✅ HRA disclosures
✅ Section 80C, 80D, 80E, 80EE, 80EEA, 80EEB
✅ Loan details, receipt numbers, and more
📹 Watch full explainer by CA Sachin D Jain 👉 [YouTube Link]
#ITR2025 #OldTaxRegime #IncomeTaxIndia #TaxFiling #CharteredAccountant #ITRForm #HRA #Section80C
Gaurika Verma
efiletax
Jain