Income Tax Return 2025: Big change in the submission of income tax returns, new income tax plate will be in the car mode - New Income Tax Plate Changes in the ITR ENRATION PROCESS FROM FY 2025 26

There was a major change in the process of submitting income tax returns from the financial year 2025-26. Now the new tax system has been implemented in standard mode. The new income tax will be seen in standard mode. Changes must be made to fill income tax under the old income tax regim. Taxpayers will have the option to select tax reezards. Many other things have also been changed since April 1. Change in the process of submitting income tax returns Jagran correspondent, Patna. With the change of the financial year, the process of submitting income tax returns has also changed. The new tax system from the financial year 2025-26 was implemented in standard mode. While the income tax return (ITR) is submitted, the income taxpayer will now see the new income tax regime in standard mode. The option to choose a tax regime, if an income taxpayer has to pay income tax based on the old income tax regime, will have to change the process of filling the income tax from the old scheme. In this, taxpayers will have the option to choose tax -realizing. Those who feel that old sheets are beneficial to them, they can use the old plate system. Ca Ashish Rohatgi and Ca Rashmi Gupta said that eligible persons with no commercial income will have the option to choose the system for each year. Therefore, they can select the old tax system in a financial year and a new tax system in the second year. ITR can submit to a new regim, he said that if an employer deducted the deduction of TDs from his old system, staff could submit an ITR under a new regim. He said that there were changes in other things from April 1. Changes from April 1, below, new check verification rules have been implemented for the prevention of bank fraud. Apart from this, the check payment of more than five thousand rupees must now be verified the check number, date, the name and amount of the beneficiary. New features are also added to the Rupee Debit Card. In this, facilities will also be available in the airport lounge, insurance, etc. Apart from that, the limit of free transactions of ATMs will also be three times. Rules are also implemented regarding the limit of minimum balance. The maximum limit for TDS deduction for senior citizens was also increased to Rs 1 Lakh. This amount used to be 50 thousand rupees. There will now be no income tax up to Rs 12 Lakh; No tax of up to Rs 12 Lakh will be payable in the new tax regime. The limit for the submission of updated tax returns will also increase from 24 months to 48 months. In addition, the limit of TDS deduction has been increased annually to six lakh calls to the landlord’s income from rent. Earlier, two lakh was 40 thousand rupees annually. Foreign transactions of more than Rs 10 Lakh will be TCS (tax -colored at the source). Earlier, this limit was seven lakh rupes. The long -term capital gain will increase CA Ashish Rohatgi and CA Rashmi Gupta that under income tax change, TDS deduction on the distribution of income from 1 April will now reduce to Rs 10,000 per year. Earlier, it was five thousand rupees. By changing the capital gains, the limit of release on long -term capital gains was increased to Rs 1.25 Lakh. Partnership Farm will now have to cut TDs on the interest on salary and capital. This did not apply earlier. Read new rules from April 1: 6 Great rules will change today, why changes from banking to digital payment will be changed. 64 year old tax law; What happened in gratification, pension and VRS? Every big news from your city, now on your phone. Download the most reliable companion of Local News Afjagran Local App.