For AY 2024-25, NEW TAX REGIME is default regime for Individual, HUF, AOP (other than co-operative society), BOI and Artificial Juridical Person.

If one wants to opt for “OLD TAX REGIME ” and are:

• (i) Eligible to file return of income in ITR 1 & 2 , then select relevant option directly in ITR and file return within the applicable due date.
• (ii) Eligible to file return of income in ITR 3, 4 & 5 then one MUST file Form 10-IEA before the due date mentioned u/s 139(1).
  Please compare the tax liability under the New Tax and Old Tax regime before filing the return. For computing tax liability please click on the link ‘Income Tax Calculator’.