ITR: While presenting the Budget 2023, several important announcements were made by Finance Minister Nirmala Sitharaman. Changes were also made in the income tax slab. Along with this, an important announcement was also made by the Finance Minister. Everyone should also know about this announcement, otherwise there can be problems.
Income Tax Slab: Income tax return filing should be done by every person whose income is taxable. If a person whose income is taxable and does not file tax, he may have to face many problems. At the same time, while filing income tax return, some changes will also have to be faced. Income tax return can be filed only under these changes. However, during this time people need to take care of one important thing as well.
Income Tax
While presenting the Budget 2023, several important announcements were made by Finance Minister Nirmala Sitharaman. Changes were also made in the income tax slab. Along with this, an important announcement was also made by the Finance Minister. Everyone should also know about this announcement, otherwise there can be problems.
Income Tax Return
Actually, it is important for the employees to choose between the old or the new tax regime while filing the income tax return. In her Union Budget speech for 2023-24, Finance Minister Nirmala Sitharaman announced that the Center is making the new income tax regime a default tax regime. However, he said that citizens will have the option of availing the benefits of the old tax regime.
Tax Regime
In such a situation, whether you have to file income tax return from the new tax regime or you have to file income tax return from the old tax regime, you will have to choose carefully. If you start filing income tax returns in the new tax regime, then there will be trouble in switching to the old tax regime. In such a situation, this decision has to be taken carefully and keeping in mind your needs.
