New Form 10-IEA from AY 2024-25 to opt in or out Old Regime – How to file form 10IEA

From FY 2023-24 (AY 2024-25) onwards New Regime is default regime and if any taxpayer wants to opt Old Regime then he has to file a form 10IEA in case he is filing ITR 4 or ITR 3 in case of business or Profession.

How to file New form 10IEA – Below are steps to file Form 10IEA:

Application for exercise of option under clause (i) of sub-section (6) of section 115BAC or withdrawal of option under the proviso to sub-section (6) of section 115BAC of the Income-tax Act, 1961 [Form No. 10-IEA]

Login to www.incometax.gov.in > Go to e file > Go to Income Tax forms

Click on Let’s Get Started

Select form 10IE > Select Assessment Year > Click on Continue

Choose Options as required

In case you Do not have Business then you do not required to file form 10IEA so if you select no in question a you will get below message:

Fill All Details and confirm, once you confirm you cannot withdrawn it , So be careful and you can opt for OLD regime only till original due date of ITR filing:

Select below sections one by one and fill required details

Check your basic informations and save

Check Additional information and save

Check and verify

when all sections marked as completed click on preview

You can check and Edit in case of any mistake or Download the same

Go down and proceed and confirm to e verify

Finally you will get acknowledgement

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