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Budget 2025 income tax: Why standard deduction should be hiked under new tax regime

IndiaTimes Wednesday, 29 January 2025
Budget 2025 income tax expectations: Standard deduction is a flat deduction available on the salary income that helps reduce the taxable income of a taxpayer. Personal tax experts are of the view that since no major exemptions and deductions are available under the new income tax regime, there is a strong case to hike the standard deduction.
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Video Credit: Oneindia - Published
News video: Budget 2025 Income Tax Expectations: Changes in income tax slabs, exemptions for NPS?

Budget 2025 Income Tax Expectations: Changes in income tax slabs, exemptions for NPS? 03:02

 As the Budget 2025 approaches, all eyes are on Finance Minister Nirmala Sitharaman’s potential income tax relief for salaried taxpayers. Will there be changes to tax slabs or new exemptions for NPS? Stay tuned for updates on what could be a major relief for millions of working...

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