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New tax regime 10IE
| Total Income | Rate of tax |
|---|---|
| Upto Rs. 2,50,000 | NIL |
| From Rs. 2,50,001 to 5,00,000 | 5% |
| From Rs. 5,00,001 to 7,50,000 | 10% |
| From Rs. 7,50,001 to 10,00,000 | 15% |
Form 10IE is a declaration made by the return filers for choosing the 'New tax regime'. ... The taxpayer has to communicate the selection of tax regime by sending an intimation through Form 10IE to the income tax department before the filing of ITR. The new tax regime is applicable from the FY 2020-21, i.e. AY 2021-22.
@ Santosh Dantekar At present, it is not possible to remove draft Form 10-IE. I have made repeated complaints on my inability to file Forrm 10-IE. From Saturday onwards, it is not possible to proceed further after 'Let's get started'. That means they are working on the issue raised by me on Form 10-IE. Have you actually filed Form 10-IE and still it is in draft mode?
@ Santosh Dantekar Thanks Sir. I think, you also could not proceed beyond 'Let's get started'. Let's wait for few days.
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