India, Feb. 5 -- As many as 88 per cent of individual taxpayers have moved to the new tax regime and the Government is not thinking of bringing in a sunset clause for filing income tax returns under the old regime, CBDT Chairman Ravi Agrawal said on Wednesday.

He said selecting a particular tax regime is the choice of the taxpayers, but the response to the new regime has been "very good"."I can tell you that when ITR 1, 2, 3 and 4 are taken together (income tax return forms used by individuals), about 88 per cent of people have moved to the new tax regime.

"And insofar as presumptive tax cases, about 97 per cent of the taxpayers have moved to the new tax regime. For corporates, about 60 per cent of the income is now being reflected in t...