
Filing your Income Tax Return (ITR) is not just a legal obligation but a financial responsibility that helps you stay compliant and build financial credibility. Whether you’re a salaried individual, business owner, freelancer, or NRI, understanding ITRs ensures better tax planning and peace of mind.

Choosing between old and new regime

In order to provide relief to senior citizens who are of the age of 75 year or above and to reduce compliance for them, it is proposed to insert a new section to provide a relaxation from filing the return of income, if the following conditions are satisfied:-