Income Tax Budget 2025 Expectations Live: Key Anticipations from the Union Budget
The Union Budget 2025 is highly anticipated, with taxpayers, businesses, and financial analysts closely monitoring the potential changes in income tax regulations. Every year, the government makes crucial decisions regarding taxation, aiming to boost economic growth while ensuring financial relief for citizens. As the Budget 2025 Expectations unfold, individuals are hopeful for tax reforms that promote savings, increase disposable income, and simplify compliance.
Income Tax Reforms in Union Budget 2025: Key Expectations
1. Changes in Income Tax Slabs
One of the most awaited announcements in the Union Budget Live updates is a revision of income tax slabs. Taxpayers expect the government to raise the basic exemption limit from ₹2.5 lakh to ₹5 lakh under the old tax regime. This chan...