The taxpayers and tax professionals made their compliances in time, leading to a surge in filing of ITRs which resulted in a new record of ITRs filed, it said.
The new I-T slabs will be for individuals not availing or foregoing certain specified deductions or exemptions while computing total income for tax purpose.
In the new tax regime, the taxpayers' income won't include the rebates and exemptions which is included in the old regime to lower down the overall tax paid.