tax exemption limit

Budget 2025: All Personal Taxation Changes Expected From FM Nirmala Sitharaman

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Budget 2025: All Personal Taxation Changes Expected From FM Nirmala Sitharaman

Last Updated:February 01, 2025, 00:06 IST Given the economic slowdown and geopolitical uncertainties, bold reforms are expected from FM Nirmala Sitharaman to simplify the tax structure, increase the basic exemption limit, and lower the highest tax rate, among others. The Union Budget 2025 is expected to bring bold tax reforms aimed at boosting disposable income, … Read more

Budget 2025 Expectations: Will Income Tax Deductions Under Old Tax Regime Be Eliminated?

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Budget 2025 Expectations: Will Income Tax Deductions Under Old Tax Regime Be Eliminated?

Last Updated:January 27, 2025, 15:52 IST SBI in its pre-budget expectations recommended the government to consolidate the tax structure by phasing out exemptions under the old tax regime and transitioning all 8.2 crore taxpayers to the new tax regime. The SBI report outlines three scenarios to evaluate fiscal and taxpayer implications. As India prepares for … Read more