Budget Expectations 2025; Budget 2025 Prediction: There are only a few days left for the year 2024 to end, and preparations have begun for the budget for the upcoming financial year 2025-26.
All kinds of speculations are being made about questions like what is going to be special in this budget, what is the government going to announce for which sector and which segment is going to get relief.
The biggest expectation from the budget for common people as well as special people is tax relief and the announcement of some special scheme or financial assistance by the government to deal with inflation. Sources have given some important information and told what the government can announce regarding tax in the upcoming budget 2025.
There may be a change in the tax regime?
Prakash Priyadarshi said that the preparations for the budget for the financial year 2026 are at their peak and the process of consultation with the industry has also been started. He quoted sources and said that the government can give a big news for the taxpayers in this budget.
Sources are telling that the government is exploring many such options in which special attention is being paid to how to increase domestic consumption. Many such options are also being discussed, one of which is to reduce the income tax for low-income groups and low-salary people.
Budget preparations for the financial year 2026 are at their peak and the process of consultation with the industry has also been started. He quoted sources as saying that the government can give a big news for the taxpayers in this budget. Sources are telling that the government is exploring many such options in which special attention is being paid to how to increase domestic consumption. Many such options are also being discussed, one of which is to reduce the income tax for low-income groups and low-salary people.
In this year’s budget, the government may consider the tax slab of Rs 3-7 lakh among the tax payers, especially under the new tax. He said, sources are telling that the income tax exemption limit, which is currently Rs 3 lakh in the new tax regime, should also be increased. The government has currently started discussions on this.
Let us tell you that there is still more than 1 month left for the presentation of the budget. Finance Minister Nirmala Sitharaman will present the budget in Parliament on Saturday, February 1, 2025 at 11 am.
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