• PAN Card – Mandatory for income tax filing
• Aadhaar Card – Linked with PAN for authentication
• Previous Year’s ITR – If applicable, for reference
• Income Computation Details – Proof of income sources
• Business/Profession Details – Required for business owners

1-3 working days after submitting complete documents.

🔽 Consultation & Document Collection – Our experts assess your eligibility and guide you.
🔽 Data Verification & Preparation – We validate your income details and compute your tax liability.
🔽 Form 10-IE Filing on IT Portal – We submit the declaration accurately.
🔽 Acknowledgment & Confirmation – You receive a confirmation of successful submission.

Compliance Requirements for Form 10-IE

To successfully opt for the new tax regime under Section 115BAC, taxpayers must comply with the following requirements:

1. Filing Form 10-IE Before ITR – Taxpayers must submit Form 10-IE before filing their income tax return (ITR) for the applicable financial year.
2. PAN and Aadhaar Linking – Ensure PAN and Aadhaar are linked before filing.
3. Timely Submission – If Form 10-IE is not filed on time, the taxpayer will be considered under the old tax regime by default.
4. Annual Declaration for Salaried Individuals – Individuals without business income can switch between tax regimes every year.
5. One-Time Reversion for Business Owners – Taxpayers with business income can opt for the new tax regime but can switch back to the old regime only once in a lifetime.
6. Compliance with Income Tax Slabs – The new tax regime follows fixed slab rates without deductions like HRA, 80C, or 80D.

Due Dates for Filing Form 10-IE

📌  Penalties for Late ITR Filing

If a taxpayer submits an ITR under the new tax regime without filing Form 10-IE, the return may be considered defective, leading to penalties:

📅 Late ITR Filing Penalty (Section 234F)

📌  Interest on Late Tax Payment

If taxes are not paid on time, interest charges will apply under Section 234A & 234B:

🔴 Interest on Late ITR Filing (Section 234A) – 1% per month on unpaid tax if ITR is filed after the due date.
🔴 Interest on Late Advance Tax (Section 234B) – 1% per month if 90% of the total tax liability is not paid before 31st March.
🔴 Interest on Deferred Tax Payment (Section 234C) – 1% per month if advance tax is not paid in quarterly installments.