Necessity of opting for 115BAC for AY2024-25


This query is : Resolved 

Quick Summary
For the Assessment Year 2024-25, opting for the 115BAC (New Tax Regime) is not mandatory. You only need to file a specific form if you intend to choose this tax regime. If you wish to file your Income Tax Return (ITR) under the old tax regime, no action is required regarding 115BAC.

15 June 2024 Sir/s, Namaste


Is it mandate to opt by filing any form for 115BAC for AY2024-25

15 June 2024 No need to file if you wish to file ITR under New Tax Regime.

15 June 2024 Thank you sir, for your information

15 June 2024 You are welcome.


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