Archive · 4 Aug 2025
Tax Regime Choice: ITR Filing Guide for AY2025-26
When you file your income taxes (ITR), you must choose a tax regime: old or new.
The new one has lower tax rates but fewer ways to save.
The old one has higher rates but lets you save more with investments.
Salaried people can change each year, unlike freelancers.
If you have investments, the old way may be better; otherwise, the new way might work.
Compare carefully to save money!
Taxpayers can choose between the old and new tax regimes when filing ITR for AY 2025-26.
The new tax regime is the default option, offering lower tax rates but fewer exemptions.
The old regime provides exemptions like 80C and 80D, potentially reducing overall tax.
Salaried individuals can switch tax regimes annually, unlike freelancers/businessmen.
Taxpayers should carefully compare regimes, considering investments and income.
- Who
- Taxpayers, especially salaried individuals.
- What
- Guidance on choosing between tax regimes when filing ITR for AY 2025-26.
- When
- For Assessment Year 2025-26 (FY 2024-25).
- Where
- Online e-filing portal.
- Why
- To help taxpayers choose the most beneficial tax regime based on their financial situation.
Tax Regime Choice
Tax Regime Benefits
Tax Regime Benefits
Tax Regime Choice
Choosing the old tax regime.
Tax Regime Benefits
Choosing the new tax regime.
- Assessment Year
- 2025-26
- Financial Year
- 2024-25
- Tax Regimes Available
- Old and New
- Default Regime
- New
- Who Can Switch Annually
- Salaried Individuals
Sources
ITR Filing 2025: Slab rates, deductions, and which tax regime works best for you
‘Simplicity could cost you ₹2 3 lakh a year’: CA warns of hidden costs in new tax regime
Step-by-step guide on reporting equity capital gains while filing income tax returns
ITR Filing 2025: Do students or unemployed individuals need to file income tax returns?
Under the new tax framework, the Finance Act 2025 offers significant relief: Minister
