The Income Tax Department requires individuals earning above ₹4 lakh to file an ITR, even if their tax liability is zero.
The Income Tax Department has facilitated the e-filing for ITR-1, ITR-2, and ITR-4.
Many taxpayers are in a dilemma that whether they should opt for the new tax regime or not.
As per the new tax regime, certain incomes are exempted.
Under the new tax regime, tax rates were slashed.