India  
 
NewsR.in

Run-up to Budget 2025: Need for some deduction-related relief in new regime

IndiaTimes Thursday, 9 January 2025
India's Budget 2025 may potentially abolish the old tax regime. The new tax regime, default since 2020-21, offers simplified, lower tax rates with fewer benefits. Experts emphasize allowing deductions for medical premiums under Section 80D and for disabilities under Section 80U, arguing these are necessities. Ensuring equitable tax relief promotes fairness in the tax system.
0
shares		ShareTweetSavePostSend
 

You Might Like


Related videos from verified sources

Budget 2025: 12 लाख तक की Income Tax Free होने के बाद क्या Old Tax Regime खत्म [Video]

Budget 2025: 12 लाख तक की Income Tax Free होने के बाद क्या Old Tax Regime खत्म

Budget 2025: वित्त मंत्री निर्मला सीतारमण (Finance Minister Nirmala Sitharaman) ने अगले हफ्ते एक नया इनकम..

Credit: Oneindia     Duration: 03:29Published

Related news from verified sources

Income tax relief? Govt looks to raise threshold, restructure slabs

 The government is considering raising the standard deduction and adjusting income tax slabs in the upcoming Budget to alleviate middle-class burden. Concessions...
IndiaTimes