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Finance Ministry says no change in I-T regime, refutes messages on social media as false

The Finance Ministry has clarified that there is no new change in the income tax regime that is coming in from April 1, 2024, as is being reported by some social media platforms.

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No new change in income tax regime from April 1: Finance Ministry

The new tax regime was set as "a default regime" from 2023-24 and the Assessment Year corresponding to this is AY 2024-25. This can be changed by the taxpayer at the time of filing Income Tax Returns (ITR) by an individual.

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New Change To Income Tax Rules, Slabs From 01 April 2024? Finance Ministry Rebuts Claims

In an explanatory tweet, finance ministry has said that some misleading information related to new tax regime is being spread on some social media platforms.

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Finance Ministry refutes social media news on change in income tax regime

The Finance Ministry has clarified that there is no new change in the income tax regime that is coming in from April 1, 2024, as is being reported by some social media platforms."It has come to notice that misleading information related to .

New delhiFinance ministryFinance actFinancial yearAssessment year

Income tax | No new change in income tax regime from April 1, says Finance ministry

Income tax | No new change in income tax regime from April 1, says Finance ministry
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