Home Economy Will Budget 2025 merge old and new tax regimes to simplify income tax slabs, structure?
Will Budget 2025 merge old and new tax regimes to simplify income tax slabs, structure?
Old, New income tax regimes: Budget 2025 is scheduled to be presented on February 1, 2025. The Budget will announce proposals for the FY 2025-26. Currently, personal income tax offers two tax regimes to individuals. However, instead of simplifying it has led to more complications for the taxpayers. Will Budget 2025 merge old and new income tax regimes?
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