A tax regime is a set of rules and policies that control how taxes are collected in a specific place, affecting individuals and businesses. It's like the system that manages taxation.
As per the new notification from the IT department, regime selection for the current financial year cannot be changed.
You can still track the employees’ regime selection through income tax reports. To view the reports under the Income Tax section, navigate to Reports > Reports > Reports Gallery.
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Related Links:
Video - To watch the video on Reports Gallery, click here.
FAQs - To read more FAQs about Reports Gallery, click here.
Documentation - To read more about Reports Gallery, click here.
Product Update - To read about the product update, click here.
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