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SEES NAIR OPTION FORM FOR INCOME TAX DEDUCTION TWO TYPES OF OPTION FORMS ARE GIVEN FOR RECOVERY OF INCOME TAX FOR THE FINANCIAL YEAR 202021. EMPLOYEES SHOULD OPT ANY ONE OPTION BEFORE 17.07.2020.

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What is nfir option form for?

The NFIR option form is used to declare whether an individual wants to opt for the new tax regime with reduced tax rates.

Who is required to file nfir option form for?

Individual taxpayers who wish to avail the benefits of the new tax regime with reduced tax rates are required to file the NFIR option form.

How to fill out nfir option form for?

The NFIR option form can be filled out online through the income tax department's website or offline by submitting a physical copy at the respective tax office.

What is the purpose of nfir option form for?

The purpose of the NFIR option form is to provide taxpayers with the choice to opt for the new tax regime with reduced tax rates or continue with the current tax regime.

What information must be reported on nfir option form for?

The NFIR option form requires basic personal information, details of income, and the choice of opting for the new tax regime or continuing with the current tax regime.

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