New Tax Laws For 2025 Filing Season. The new tax regime was introduced in budget 2020, effective april 1, 2020. An individual has to choose between new and.
It provides crucial dates and deadlines for submitting returns, paying. April 15, 2024, is the big tax deadline for all federal tax returns and payments.
The New Financial Years Starts From April 1.
The government should increase the basic exemption limit to rs 5 lakh from rs 3 lakh under the new tax regime to provide more disposable income to the taxpayer,.
Concept For New Year 2025.
Individuals filing itr 1 need to indicate their preferred tax regime in the return of income.
New Tax Laws For 2025 Filing Season Images References :
Determination Of Tax Where Total Income Includes Income On Which No Tax Is Payable.
The proposal would increase the child tax credit for some tax filers, through 2025.