Budget 2025: Key Tax Reforms & Economic Priorities

Budget 2025: Key Tax Reforms & Economic Priorities

Mark your calendars! Finance Minister Nirmala Sitharaman will present Budget 2025 on February 1, 2025, focusing on India’s economic future.

Expect higher tax exemptions! EY suggests raising limits from ₹3L to ₹5L and reducing tax rates to ease the burden on taxpayers.

House property loss caps may be removed, with HRA benefits extended to tier-2 cities for greater parity in tax relief.

Budget 2025 might simplify taxation for crypto and NFTs, offering loss provisions and clearer guidelines for digital assets.

Increased government capital expenditure and reduced debt-to-GDP ratio are key to achieving India’s 6.5% GDP target in 2025-26.

Reforms for simplified compliance for MSMEs and new policies aimed at sustainable growth could empower India’s private sector.

Make 2025 your year! File your Income Tax now and stay aligned with India's growth

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