With the new tax slabs, the standard deduction of ₹75,000, over and above the ₹12 lakh limit under the new tax regime, furthers the agenda of driving up savings, investments and consumption.
In terms of GST-specific amendments, Budget 2025 also focused on pre-deposit amounts for GST appeals, reducing penalties for E-way bill violations and introducing a 10% penalty for other infractions.
The Union budget 2025 presented in the Parliament today on 1st February 2025, the Finance Minister Mrs. Nirmala Sitharaman has given the middle-class taxpayers a big Income tax relief, Under the new ...