Taxpayers eligible for a refund may now earn over 30% more interest on the refund amount.
APY offers a monthly pension ranging from ₹1,000 to ₹5,000, based on your contributions and the age at which you start.
You can file a belated ITR by December 31, 2024. But, you have to pay penalties and interest on any unpaid taxes.
If you (ITR-3 and ITR-4 filers) do not file form 10-IEA, it will be assumed that you have opted for the new tax regime.
India offers two tax regimes: the old and the new.