Key Changes and Updates in Income Tax Filing for Delhi NCR
Filing income tax returns is an essential annual responsibility for every taxpayer in India, and Delhi is no exception. As the financial landscape continues to evolve, so do the income tax laws and regulations. As a Certified Accountant (CA) in Delhi, I am well-aware of the recent changes and updates in income tax return filing that directly impact the residents of the national capital. In this blog, I will discuss the key changes and updates that every taxpayer in Delhi should be aware of to ensure a seamless and compliant Income tax return filing in Delhi . 1. New Tax Slabs and Rates One of the significant changes that have been introduced recently is the new tax regime with revised tax slabs and rates. Taxpayers in Delhi now have the option to choose between the old regime with deductions and exemptions or the new simplified regime with reduced tax rates but no deductions. Understanding the implications of both regimes can be complex, and seeking guidance from a CA in Delh...