Key Proposals of Union Budget 2025 - Income Tax

CA.Sangam Aggarwal | Last updated: 04 February 2025

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The Union Budget 2025, presented on February 1st, introduces several significant changes to income tax. Key proposals include revisions to tax slabs under the New Tax Regime, an increase in the rebate limit for individuals, and rationalisation of Tax Deducted at Source (TDS) thresholds for various transactions. The budget also aims to reduce compliance burdens by omitting certain Tax Collected at Source (TCS) requirements and extending timelines for updated returns and start-up tax benefits.

Introduction On February 1, 2025, our esteemed Finance Minister, Smt. Nirmala Sitharaman, presented the Union Budget 2025, outlining key provisions related to Income Tax, including the following: Rates of income-tax; Measures to promote investment and employment; Simplification and Rationalisa

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About the Author

CA.Sangam Aggarwal

Professional

Secretary NIRC of ICAI (2022-23), Regional Council Member (2022-25), FCA, LLB, DISA, B. Com(H). CA by profession and social worker by heart. I like to debate on social issue. I love to travel and to watch movie recently i watch 12th Fail movie and it is classical movie. I believe in spreading the smile. Help student ... Read more

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