About 6 crore ITRs filed for FY24, 70% under new tax regime: Revenue Secretary Sanjay Malhotra
Currently, taxpayers have two personal income tax regimes to choose from. In the old income tax regime, the tax rates are relatively high but taxpayers can claim several exemptions and deductions. However, in the new tax regime, tax rates are lower but fewer deductions.
![About 6 crore ITRs filed for FY24, 70% under new tax regime: Revenue Secretary Sanjay Malhotra](https://cdn.zeebiz.com/sites/default/files/2024/07/30/307905-tax-pixa.png?im=FitAndFill=(1200,900))
For the 2022-23 fiscal, 8.61 crore ITRs were filed. Image: Pixabay | Representational