Budget 2025 income tax: Hike basic exemption limit to Rs 5 lakh and reduce tax rates, says EY

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Times of India 11h ago

Budget 2025 income tax: Hike basic exemption limit to Rs 5 lakh and reduce tax rates, says EY - Times of India

Quick Summary:

Budget 2025 income tax expectations: Finance Minister Nirmala Sitharaman is urged by EY to raise the basic income tax exemption limit from Rs 3 lakh to Rs 5 lakh and lower tax rates in the upcoming Budget 2025.

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