The central government is likely to introduce significant tax benefits for individuals with an income of up to Rs 15 lakh annually in Budget 2025-26.Expected to increase disposable income, will increase consumption in urban areas, where most taxpayers live.Sources reveal that the government is considering making changes in the new income tax policies in financial year.It has attracted around 70% of taxpayers due to its simple structure and regular enhancements. Budget 2025-26 will be presented on 1st February 2025. In the last Budget 2024-25, the Finance Minister had announced a comprehensive review of the Income Tax Act.The committee will submit its report before the 2025-26 budget.Discover the Health Benefits of Fennel Seeds
The central government is likely to introduce significant tax benefits for individuals with an income of up to Rs 15 lakh annually in Budget 2025-26.Expected to increase disposable income, will increase consumption in urban areas, where most taxpayers live.Sources reveal that the government is considering making changes in the new income tax policies in financial year.It has attracted around 70% of taxpayers due to its simple structure and regular enhancements. Budget 2025-26 will be presented on 1st February 2025. In the last Budget 2024-25, the Finance Minister had announced a comprehensive review of the Income Tax Act.The committee will submit its report before the 2025-26 budget.Discover the Health Benefits of Fennel Seeds