Hello workforce,
Sort of Earnings: Skilled revenue.
We used the brand new regime u/s 115 BAC for AY 2021-22. Stuffed up kind 10IE.
As we will choose out as soon as, we crammed up kind 10 IE for opting out for AY 2022-23. So we opted for outdated regime for AY 2022-23 and AY 2023-24. We hoped to proceed submitting with outdated regime whereas claiming deductions, and in addition the truth that we’re allowed to vary the regime solely as soon as if we’ve got skilled/enterprise revenue.
Now Govt up to date the slabs within the latest price range and the brand new slabs(with much less tax with out deductions) appear like a profitable choice. Can we go for this new scheme for AY 2024-25 onwards?
Some data I referenced:
Type 10-IEA was launched.
Rule 21 AGA part was additionally added:
Revised 115BAC part:
Can also checkout https://weblog.saginfotech.com/wp-content/uploads/2023/06/notification-43-2023.pdf for extra detailed data.
@Quicko May you please assist right here?