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Budget 2025: Income Tax Cut For Salaries Up To Rs 10 Lakh On Anvil

The new tax regime for individuals could be modified and the government is examining possibility of reducing tax rates for income upto Rs 10 lakh.

Shrimi Choudhary, Shubhayan Bhattacharya

The budget is likely to focus on increasing disposable income for taxpayers. (Source: Representative/Pexels)

The policymakers are considering the possibility of further modification in the new tax regime for individuals by reducing tax rates for the income up to Rs 10 lakh during the upcoming Union Budget for the fiscal 2025-26, which is scheduled to be presented on Feb. 1 by Union Finance Minister Nirmala Sitharaman, according to people familiar with the matter.

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WRITTEN BY
Shrimi Choudhary
Shrimi Choudhary is a financial Journalist has an experience of about 15 ye... more
Shubhayan Bhattacharya
Shubhayan covers markets and business news at NDTV Profit. He has a keen in... more
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