Due Dates Form 10-IE / 10-IEA — Opting Out of the New Tax Regime
Form 10-IE / 10-IEA — Opting Out of the New Tax Regime
Income-tax Act 2025 s.202 (from tax year 2026-27; earlier s.115BAC, Income Tax Act 1961 for tax years before 1 Apr 2026)
Individuals/HUF with business or profession income must file Form 10-IEA to opt OUT of the new tax regime (default) under s.202, Income-tax Act 2025 (earlier s.115BAC, Income Tax Act 1961). Non-business income taxpayers can opt out directly in the ITR without a separate form.
Due dates and late fees
| FY | Due Date | Late Fee | Note |
|---|---|---|---|
| FY 2024-25 | Before the ITR due date under s.139(1) | No specific late fee; missed opt-out means the new regime applies by default | Form 10-IE was the earlier version (up to AY 2023-24); Form 10-IEA applies from AY 2024-25 onwards. |
| FY 2025-26Current | Before the ITR due date under s.139(1) | No specific late fee; missed opt-out means the new regime applies by default | Form 10-IE was the earlier version (up to AY 2023-24); Form 10-IEA applies from AY 2024-25 onwards. |
| FY 2026-27 | Before the ITR due date under s.263(1), Income-tax Act 2025 (earlier s.139(1), Income Tax Act 1961) | No specific late fee; missed opt-out means the new regime applies by default | Form 10-IE was the earlier version (up to AY 2023-24); Form 10-IEA applies from AY 2024-25 onwards. |
FY-specific notes
FY 2024-25: Form 10-IE was the earlier version (up to AY 2023-24); Form 10-IEA applies from AY 2024-25 onwards.
FY 2025-26: Form 10-IE was the earlier version (up to AY 2023-24); Form 10-IEA applies from AY 2024-25 onwards.
FY 2026-27: Form 10-IE was the earlier version (up to AY 2023-24); Form 10-IEA applies from AY 2024-25 onwards.
The opt-out choice for business/profession income is more restrictive (once-per-lifetime withdrawal); confirm current rules before advising a repeat switch.