Quick Summary
The much-anticipated Union Budget 2025-26 is set to be presented on February 1, 2025, by Finance Minister Nirmala Sitharaman. As expectations mount, reports suggest that the Narendra Modi government may consider slashing income tax rates for individuals earning up to ₹15 lakh per annum. This move, if implemented, aims to provide much-needed relief to the middle class while boosting overall consumer spending and economic growth. Tax Cuts Likely for Middle-Class Salaried Individuals The govern
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FAQ :
The Union Budget 2025-26 is scheduled to be presented on February 1, 2025.
Currently, health supplements are subject to an 18% GST.
Industry experts are advocating for a reduction in GST on health supplements from 18% to 5%.
The proposed GST cut aims to make health supplements more affordable and accessible to consumers, supporting the growing focus on preventive healthcare and wellness.
Yes, the budget may also consider slashing income tax rates for individuals earning up to ₹15 lakh per annum and offering tax incentives for fitness and wellness businesses.
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