Who is required to file 10iea?

Asked by: Keith Kulas  |  Last update: May 3, 2026
Score: 4.2/5 (2 votes)

You need to file Form 10-IEA (Income Tax Form) if you are an Individual, HUF, or similar entity with income from business or profession, and you want to choose the Old Tax Regime over the default New Tax Regime in India, by indicating your preference before your ITR due date. Salaried individuals without business income can simply tick a box in their ITR form, but business/professional income earners must file Form 10-IEA to opt out of the new regime or to switch back to the old one, with a lifetime limit of two such switches.

Who is required to file form 10IEA?

It is mandatory to submit Form 10-IEA for Opt out or Re-entering in to New Tax regime by Individuals, HUF, AOP (other than co-operative societies),BOI & AJP who have income from business or profession.

Who is liable to file form 10IE?

Form 10IE is a declaration for taxpayers, particularly individuals or HUFs with business or professional income, who choose to opt for the new tax regime. Form 10IE is an important document to be filled in and submitted during filing returns by all taxpayers who have decided to opt for the new tax regime of the ITA.

What is the difference between Form 10IE and 10IEA?

What is the difference between 10IEA and 10IE? Form 10IE was required to opt for the new tax regime when the old tax regime was the default, applicable for AY 2021-22 to AY 2023-24. From AY 2024-25 onwards, since the new tax regime is the default, taxpayers must file Form 10IEA to opt for the old tax regime.

Who is not required to file?

If you earn less than the Standard Deduction for your filing status, you likely don't need to file a tax return. Even if you don't meet the filing threshold, you may still have to file taxes if you have other types of income.

Form 10IEA Income Tax | How to File Form 10IEA For New Tax Regime Opt Out

19 related questions found

Which taxpayers are not required to file a tax return?

An individual whose sole income has been subjected to final withholding tax pursuant to Sec. 57 (A) of the Tax Code, or who is exempt from income tax pursuant to the Tax Code and other laws, is not required to file an income tax return.

Who qualifies for the EITC in 2025?

When filing taxes for 2025 (due in April 2026), working families with children that have annual incomes below about $50,434 to $68,675 (depending on marital status and number of dependent children) may be eligible for the federal EITC. During the 2022 tax year, the average EITC was $3,338 for a family with children.

Can form 10IEA be withdrawn?

10: For AY 24-25, Taxpayer filed Form 10IEA by mistake and now wish to revoke / withdraw the same. Can taxpayer withdraw or revoke? Ans: Once Form 10IEA is filed for AY 2024-25, then it cannot be revoked / withdraw in same AY, Taxpayer must mandatorily opt for the old tax regime for AY 2024-25.

How to get acknowledgement number of 10IEA?

How to download, save, or retrieve your acknowledgement number:

  1. Log in to the Income Tax e-Filing Portal.
  2. Navigate to e-File > Income Tax Forms > View Filed Forms.
  3. Locate Form 10-IEA for the relevant assessment year.
  4. Download or note the acknowledgement number from the confirmation page.

Can a salaried person switch from new regime to old regime?

Salaried Individuals can switch between the two regimes every financial year when filing his/her tax returns. Individuals with Business Income can opt for Old Tax Regime only once and if this option is chosen, he has to file Form No. 10-1E on/before the date of filing the ITR.

Does an NRI need to file ITR in India?

As an NRI, PIO, or OCI, you may be required to file tax returns in India if your Indian income surpasses the specified threshold or if you seek to claim refunds for excess tax deductions. While filing an ITR is mandatory only under certain circumstances, voluntary filing can be beneficial in many ways.

What is section 87a of the new income regime?

Rebate is a tax reduction available to resident individuals when they earn income within 10% tax slab. Under the new regime, a rebate of Rs.60,000 is allowed for an income up to Rs. 12 lakhs. Under the old regime, a rebate of Rs. 12,500 is allowed for an income up to Rs. 5 lakhs.

Can I file form 10ie after filing my tax return?

From 10-IEA should be filed on or before the due date of filing of return as specified u/s 139(1) of the Income Tax Act, 1961. If taxpayer files the form after the due date , the form will be treated as Invalid.

How much does a CA charge for filing an ITR?

ITR Filing Charges:

Salaried ITR Filing: ₹1,000/- Capital Gain / Share Gain-Loss ITR: ₹1,500/- Business ITR – 44AD Return: ₹2,000/- All other ITR Filing: ₹3,000/-

What are the disadvantages of the old regime?

The Old Regime had many problems due to its strict social class system. Members of the first and second estates did not have to pay taxes, so the burden of taxation was left entirely to the third estate. Poor crop seasons, hunger, and heavy taxation were the main issues of the Ancien Regime.

Who is exempted from filing ITR in India?

Certain NRIs: If the NRIs are only generating income from dividends or interest, or if their income is subject to TDS, then they might be exempted from filing tax returns. Senior Citizens (above 75 years): Senior citizens above the age of 75 whose income consists of pension and interest can be exempt from filing ITR.

Is it mandatory to file form 10iea every year?

Purpose of Form 10 IEA:

This form can be filled twice in life, once to opt out of the new tax regime and once to re-enter the new tax regime. Once the old tax regime is selected, it will be applicable for all subsequent assessment years. This means 10 IEA files are not to be filed every year.

What is 10iea in income tax?

Form 10-IEA is a declaration made by the return filers for choosing the 'Opting Out of New Tax Regime'. An Individual, HUF, AOP (not being co-operative societies), BOI or Artificial Juridical Person with business or professional income must submit Form 10-IEA if they wish to pay income tax as per the old tax regime.

How to file 10iea in income tax portal?

How to File Form 10-IEA Online?

  1. Visit the Income Tax e-Filing portal and log in using your PAN and password.
  2. Navigate to the “e-File” section and select “Income Tax Forms.”
  3. Choose Form 10-IEA from the list of available forms.
  4. Fill in the required details, including your income, deductions, and exemptions.

Which donation is eligible for 100% deduction?

100% Deduction (No Limit) – Donations to funds like the National Defense Fund, Prime Minister's National Relief Fund, National Foundation for Communal Harmony, and National/State Blood Transfusion Council qualify for a full 100% tax deduction without any limit.

What are the common mistakes to avoid in ITR filing?

Common Tax Filing Mistakes

  • Incorrect Filing Status. ...
  • Overlooking Deductions and Credits. ...
  • Claiming Incorrect Deductions and Credits. ...
  • Math Errors. ...
  • Missing or Inaccurate Information. ...
  • Filing Too Early or Too Late. ...
  • Incorrect Direct Deposit Information. ...
  • Gather All Necessary Documents.

What is the new tax regime form 10ie?

Form 10 IE is an electronic application form used in India to exercise the option of taxation under the new tax regime. Individual taxpayers use this form to inform Income Tax Department about their choice to opt for the new tax regime and to furnish details such as eligible deductions, exemptions, and allowances.

How do you avoid the 22% tax bracket?

To avoid the 22% tax bracket (or stay in a lower one), focus on reducing your Adjusted Gross Income (AGI) by maximizing pre-tax retirement contributions (401(k), Traditional IRA, HSA), taking eligible deductions (mortgage interest, charitable giving, medical expenses over 7.5% AGI), and using tax credits; consider strategies like tax-loss harvesting or selling investments for lower capital gains tax rates. Planning throughout the year, not just at tax time, is key to lowering your taxable income and staying in a lower bracket. 

Who is eligible for CalEITC?

You may be eligible for a California Earned Income Tax Credit (CalEITC) up to $3,756 for tax year 2025 as a working family or individual earning up to $32,900 per year. You must claim the credit on the 2025 FTB 3514 form, California Earned Income Tax Credit, or if you e-file follow your software's instructions.

How much do you pay in federal taxes if you make $100,000 a year?

For a $100,000 income in 2025, a single filer falls into the 22% marginal tax bracket, with an estimated federal tax liability of around $16,900 - $17,400 (before deductions/credits), resulting in an effective rate of roughly 16.9%, but this varies significantly based on filing status, standard deduction ($15,750 for single filers), and potential tax credits.