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 an 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 had made income up to Rs 7 lakh tax-free by bringing a new tax regime in the 2024 budget. Now it will be interesting to see what changes the government can make in income tax in 2025. Also, how does it affect the taxpayer?

In the interim budget presented before the Lok Sabha elections in 2024, Finance Minister Nirmala Sitharaman gave a big relief to the taxpayers 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 of Rs 7 to 10 lakh and a 15 percent tax on income of Rs 10 to 12 lakh. With this change, salaried employees will be able to save tax of 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 annually 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.

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 income tax in the new tax regime. Through this, the country's economy will get a boost and slow consumption will get a boost.

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