The ITD has prescribed rules to opt-in/out of the new tax regime. You can refer to the below chart to learn more about the rules.
To Opt-In / Opt-Out of the New Regime on Quicko
After adding your INCOMES, you can choose the regime by following these steps:
- Navigate to Filing > REVIEW from the side nav
- Click on NEW vs OLD REGIME
- Choose a Regime
- To change the regime, click on the card "Congrats! you are under optimized regime"
- Add required details as per the regime chosen
- Date of filing of Form 10IE
- Acknowledgment Number
- Click on Save