Budget 2025 Income Tax Expectations: Union Finance Minister Nirmala Sitharaman is scheduled to present the Economic Survey to the Loksabha at about 12 p.m. Sitharaman will propose the budget for FY 2025-26 tomorrow, February 1, 2025, at 11 a.m. Ahead of the budget, the Indian middle class and taxpayers are looking for significant income-tax reductions and reliefs. Tax slabs are projected to change under future tax regimes, as is the increase in basic deductions.
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