<ul><li>The new financial year has started from April 1 and it is time to gather all your investment proofs for filing the income tax return for the previous financial year.</li><li>Taxpayers need to mention their preferred tax regime while filing ITR for FY 2024-25 (AY 2025-26).</li><li>Individuals with non-business income or salaried taxpayers can switch their tax regime every year.</li><li>To switch tax regimes, individuals with income from business need to submit Form 10-IEA before the due date, while salaried employees can switch at the time of filing ITR.</li></ul>

ITR Filing: When Can You Switch Between Old And New Income Tax Regimes?

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