Form 10 IE Acknowledgment No. Where to find this ?
If you are filing ITR-4 or ITR-3 and if you wish to get benefit of new tax regime where the tax rate is less and will not consider any investment and Standard deductions. tax slab will be different for old and new regime whose details is given below in the chart.
|x Slab||Existing Regime Slab Rates for FY 20-21 (AY 21-22)||New Regime Slab Rates for FY 20-21 (AY 21-22)|
|Resident Individuals & HUF < 60 years of age & NRIs||Resident Individuals & HUF > 60 to < 80 years||Resident Individuals & HUF > 80 years||Applicable for All Individuals & HUF|
|Rs 0.0 – Rs 2.5 Lakhs||NIL||NIL||NIL||NIL|
|Rs 2.5 – Rs 3.00 Lakhs||5% (tax rebate u/s 87a is available)||NIL||NIL||5% (tax rebate u/s 87a is available)|
|Rs. 3.00- Rs 5.00 Lakhs||5% (tax rebate u/s 87a is available)||NIL|
|Rs. 5.00 – Rs 7.5 Lakhs||20%||20%||20%||10%|
|Rs 7.5 – Rs 10.00 Lakhs||20%||20%||20%||15%|
|Rs 10.00 – Rs. 12.50 Lakhs||30%||30%||30%||20%|
|Rs. 12.5 – Rs. 15.00 Lakhs||30%||30%||30%||25%|
|> Rs. 15 Lakhs||30%||30%||30%||30%|
While filing ITR-1 system will ask applicant to choose by clicking on box if they wish to switch to new regime . In case of GSTR-4 the system will ask for Form 10 IE Acknowledgment No. and *Form 10 IE Filing Date .
The same can be filed in the new income tax portal from your login.
Under : Dashboard Income-tax Forms Form 10IE
Choose : Application for exercise/withdrawal of option under section 115BAC(5) of the Income-tax Act,1961 [Form No. 10IE]
and Click on file Now and Choose AY : Assessment Year (A.Y) 2021-22
Documents list to help you file faster:
- Name, Address, Designation & PAN of the Principal Officer or Authorised Signatory
- Nature of Business/Profession carried on by Individual/HUF
- Name, Address & Nature of Business Activities carried on by IFSC Units, if applicable
- Details of e-Filed Form 10-IE, if Individual/HUF opts for withdrawal
Need to fill all 4 sections:
Once you submit using OTP or Digital signature certificate You will get Acknowledgement no. to be updated in ITR-4 while filing the return.