Tag Archives: budget 2025 tax relief

Budget 2025: EY has also recommended that the government reduce income tax rates. (AI image) Budget 2025 income tax expectations: Finance Minister Nirmala Sitharaman should consider raising the basic exemption limit from Rs 3 lakh to Rs 5 lakh under the new tax regime, says EY in its pre-Budget 2025 recommendations.EY, a leading consultancy firm among the big four, has …

The question uppermost in everyone’s mind is will the old tax regime be abolished in the Budget 2025? Well, this remains to be seen…Currently, India’s income tax structure offers two distinct regime: the old regime with various exemptions and deductions, and the new tax regime with simplified, lower tax rates but fewer benefits. The new Income-Tax (I-T) regime, which was …