I-T Department Simplifies Tax Regime Choice with 2026 Draft Rules

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I-T Dept Proposes Simpler Tax Regime Choice in Draft Rules 2026

Income Tax Draft Rules 2026: Eligible taxpayers will be able to exercise or withdraw the option directly in their return of income filed under Section 263(1) of the new Income Tax Act, 2025.

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News18•25-02-2026, 14:07

I-T Dept Proposes Simpler Tax Regime Choice in Draft Rules 2026

•Income Tax Department proposes draft rules for 2026 to simplify choosing between old and new tax regimes.
•Taxpayers can now select or withdraw their tax regime option directly in their income tax return form, eliminating separate declarations.
•Currently, taxpayers with business/professional income must file Form 10-IEA to opt for the old regime; this will be removed.
•The change aims to reduce compliance duplication and bring uniformity across all taxpayer categories.
•The draft rules are expected to be finalized and implemented with the new Income Tax Act, 2025.

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