Budget 2025: Those who have been paying income tax for the last 10 years will know very well that earlier filing and depositing ITR was not so easy. First of all, one had to stand in line at the Income Tax Office to file ITR and then one had to stand in line at the bank to deposit ITR.

With Digital India, the methods of depositing income tax have also changed, now ITR can be filed from home and one can also deposit his tax amount. At the same time, the government has made income up to Rs 7 lakh tax-free by bringing a new tax regime to the 2024 budget. Now it remains to be seen what changes the government can make in income tax in 2025. Also, how does it affect the taxpayer?

These big changes happened with the tax slab in 2024

In the interim budget presented before the Lok Sabha elections in 2024, Finance Minister Nirmala Sitharaman gave a big relief to the taxpayer in income tax, in which income up to Rs 7 lakh was made tax-free. Along with this, there was talk of paying a 10 percent tax on income from Rs 7 to 10 lakh and a 15 percent tax on income from Rs 10 to 12 lakh. With this change, salaried employees will be able to save tax up to Rs 17,500 annually.

At the same time, in the new tax slab, Finance Minister Nirmala Sitharaman increased the limit of the standard deduction from Rs 50000 to Rs 75000. Also, the exemption of Rs 15000 per annum on family pension was increased to Rs 25000. With the increase in this deduction, salary-based and pension-based tax payers got a lot of relief.

These are the expectations from the 2025 general budget.

Finance Minister Nirmala Sitharaman can go one step further in the 2025 general budget and make income up to Rs 10 lakh tax-free in the income tax in the new tax regime. Through this, the country's economy will get a boost and slow consumption will get a boost. Along with this, the disposable income of the people will increase.

72% of payers have adopted the new tax regime

The new tax regime was started by the central government in 2020. Then there was no special benefit in it, but the big changes made in the tax slab in the 2024 budget made it very popular among the tax payers, and currently, 72% of the taxpayers are taking advantage of it. Therefore, the government can make some announcements for those taxpayers who come under the new tax regime.

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