Form 10iea: Form 10-IEA is a document submitted by

Form 10-IEA is a document submitted by individuals to inform the tax department about their choice to pay tax. Check when to file Form 10IEA ? Form 10-IEA serves as a crucial document introduced in alignment with the fiscal policies outlined in the Budget 2023. It facilitates taxpayers’ choice between the old and new tax regimes, with the latter being set as the default framework. This article delves into its purpose, amendments, submission process, and significance in facilitating taxpayers’ choice between old and new tax regimes. Learn how to file Form 10-IEA to switch from the default New Tax Regime to the Old Tax Regime in AY 2025-26. Step-by-step guide with deadlines and rules explained. Discover how to apply for income exemptions using Form 10-IEA under the Income Tax Act. Understand eligibility criteria, filing procedures, and benefits to optimize your tax planning.