Schedule AL limit for FY 2024-25

The Schedule AL limit has been increased from ₹50 lakh to ₹1 crore starting from FY 2024-25 (which corresponds to AY 2025-26). This means that returns filed in AY 2025-26, only those with a total income exceeding ₹1 crore must fill Schedule AL. This new disclosure threshold applies to both old and new tax regimes.

Thank you very much Rambhia ji

You are welcome.             

Thanks for this info and clarification on AL schedure, Sir. 

My pleasure.           

The Schedule AL threshold was increased from total income exceeding ₹50 lakh to exceeding ₹1 crore from AY 2025–26 (FY 2024–25). It applies to individual taxpayers and HUFs filing the relevant ITR, under both the old and new tax regimes. The threshold concerns the requirement to report assets and liabilities in Schedule AL; it does not change the tax-regime choice or the underlying tax computation.

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