Tax Filing season is here and many people find the task confusing or difficult. To help you, I am sharing the detailed process of How To File ITR-1 With Old & New Tax Regime for FY21-22 / AY 22-23.
Users now have the flexibility to choose between Old and New Tax Regime even at the time of filing their tax returns. If your employer has deducted taxes basis New tax regime but you want to file returns via Old tax regime, you can do it when filing ITR. Just ensure you have the necessary proofs in case income tax department asks you to show.
How To File ITR-1 With Old Tax Regime
For ITR-1 Filing via Old tax regime, follow the following detailed process
How To File ITR-1 With New Tax Regime
For ITR-1 Filing via New tax regime, follow the below detailed process
Basis these videos, I am sure that you will be able to file the returns in less than 30 minutes. Just ensure that you complete the filing and e-verification before last date of 31st July to avoid any penalties.
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