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Income Tax Slabs 2025 LIVE Updates: India Inc welcomes the new income tax bill, relaxation in TCS, TDS regulations

The article from CNBC-TV18 discusses the anticipation and expectations surrounding the Union Budget 2024-25, particularly focusing on potential changes to income tax slabs and rates. Finance Minister Nirmala Sitharaman is expected to present the budget, with salaried individuals and private employees keenly watching for any announcements that could affect their tax liabilities. Key points include the possibility of revising the tax slabs under both the old and new tax regimes, adjustments to the standard deduction, and potential increases in the basic exemption limit. There's also speculation about changes in tax benefits for investments under sections like 80C, and the introduction of new tax-saving instruments. The article highlights the government's focus on simplifying the tax structure, possibly reducing tax rates for middle-income groups, and enhancing disposable income to boost consumption. Live updates and reactions from financial experts and taxpayers are also covered, providing insights into how these changes might influence personal finance and economic growth.

Read the Full cnbctv18 Article at:
[ https://www.cnbctv18.com/personal-finance/income-tax-slabs-2025-26-budget-live-updates-new-slab-rate-changes-tax-announcements-salaried-private-employees-fm-nirmala-sitharaman-liveblog-19550279.htm ]