Fri, January 24, 2025
[ Fri, Jan 24th ]: Politico
Your best guesses on 2025
Thu, January 23, 2025
[ Thu, Jan 23rd ]: Forbes
FinCrime In The Age Of AI
Wed, January 22, 2025
Tue, January 21, 2025
Mon, January 20, 2025
Sun, January 19, 2025
Sat, January 18, 2025
Fri, January 17, 2025

Budget 2025: Higher 87A tax rebate, deduction on home loan, income tax slab and more, what experts demand from FM to boost consumption


  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. experts-demand-from-fm-to-boost-consumption.html
  Print publication without navigation Published in Business and Finance on by MSN
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source


  Experts demand 87A tax rebate increase, accessible home loans, income tax slabs linked with inflation and others from the FM. A strong case for linking income tax slabs with inflation makes sense now.

The article from MSN discusses expectations from Finance Minister Nirmala Sitharaman for the upcoming Budget 2025, focusing on measures to boost consumption in India. Experts suggest several key demands including an increase in the standard deduction from Rs 50,000 to Rs 1 lakh, a revision of the income tax slabs to provide relief to the middle class, and an enhancement of the Section 80C deduction limit from Rs 1.5 lakh to Rs 2.5 lakh. There is also a call for a higher tax rebate under Section 87A, potentially increasing it from Rs 12,500 to Rs 25,000, which would benefit individuals with an annual income up to Rs 7 lakh. Additionally, experts propose an increase in the deduction for home loan interest from Rs 2 lakh to Rs 3 lakh to stimulate the real estate sector. These changes are aimed at increasing disposable income, thereby encouraging spending and economic growth.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/budget-2025-higher-87a-tax-rebate-deduction-on-home-loan-income-tax-slab-and-more-what-experts-demand-from-fm-to-boost-consumption/ar-AA1xzlRb ]

Publication Contributing Sources