Income tax budget 2025 decision: Curiosity is increasing across the country regarding the General Budget 2025. Finance Minister Nirmala Sitharaman will present the budget on February 1, and everyone’s eyes are on how the employed people will benefit from it. Many speculations are being made about which sectors the government will promote and what relief the middle class will get.
Good news for taxpayers?
This time the government can make big changes to make the tax system simpler and more beneficial. In particular, efforts are being made to make the new tax regime more attractive, so that people adopt it and the cash flow in the market increases. It is expected that the government can give relief to the employed people by increasing the limit of tax free income. This will increase the disposable income of the people and also increase the spending capacity, which will give a boost to the country’s economy.
Health sector will get a boost: Budget 2025
Central government aims to provide health insurance cover to all citizens by 2047. In this direction, big announcements can be made in Budget 2025. Tax exemption on health insurance premium can be increased, which will give more benefits to the people on health security. Apart from this, new schemes and infrastructure are also expected to be promoted in the health sector, so that the common man can get better and cheaper treatment.
What will be special for the middle class in budget 2025?
Central Government can also take measures in the budget to control food inflation i.e. the prices of food items. If this happens, then the direct impact on the pocket of the common man will be reduced and savings will increase. Apart from this, there may also be announcements to increase investment in some other sectors, which will also increase employment opportunities.
Now it remains to be seen how much relief the Finance Minister gives to the salary class on February 1. Will the budget really bring any gift for the taxpayers or will it be limited to announcements only? The answer to this will be found only after the budget is presented.
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