Explore the key income tax changes expected in Union Budget 2025, including revised tax slabs, increased standard deductions, and potential relief for salaried individuals. Stay informed about how these updates your finances.”
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The Union Budget 2025, scheduled for presentation on February 1, 2025, is anticipated to introduce significant income tax reforms aimed at stimulating econ
that the Finance Minister may adjust the income tax slabs to reduce the tax burden on individuals, particularly those in the middle-income bracket. This could involve increasing the basic exemption limit from ₹2.5 lakh to at least ₹3 lakh, thereby exempting a larger segment of
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the official website of the Ministry of Finance, Government of India:
https://www.indiabudget.gov.in
1: Introduction
- Overview of the Union Budget 2025
- Importance of income tax changes
- Expectations from the government
2: Current Income Tax Structure
- Existing tax slabs and rates
- Old vs. New Tax Regime
- Common deductions and exemptions
3: Expected Changes in Union Budget 2025
- Revised income tax slabs
- Increase in standard deduction
- Changes in tax exemptions and deductions
- Possible incentives for salaried individuals and businesses
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