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72% of taxpayers opt for New Tax Regime while filing ITR for AY 2024-25
Updated On: 02 August, 2024 04:28 PM IST | Mumbai | mid-day online correspondent
5.27 crore have been filed in the New Tax Regime while the remaining 2.01 crore ITRs are filed in the Old Tax Regime
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Out of the total ITRs of 7.28 crore filed for AY 2024-25, 5.27 crore have been filed in the New Tax Regime while the remaining 2.01 crore ITRs are filed in the Old Tax Regime. Thus, about 72% of taxpayers have opted for the New Tax Regime, while 28% continue to be in the Old Tax Regime.
Additionally, the total number of ITRs for AY 2024-25 filed till July 31 is 7.5 per cent more than the total ITRs filed in the previous AY. For AY 2023-24, 6.77 crore ITRs were filed which went up to 7.28 crore in AY 2024-25.
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