Income Tax Slabs, Budget 2025 LIVE Updates: Will Union finance minister Nirmala Sitharaman give tax relief for the middle class today? As we watch the tabling of much-anticipated Budget 2025, all eyes are on major changes to the income tax slabs and deduction on home loan interest repayment. Middle class has high hopes from FM as both the PM and President mentioned about the salaried class in their speeches.
Reports suggest that there could be a relaxation on income tax for individuals, especially those earning up to Rs 15 lakh. First-time homeowners and potential home buyers are also expecting income tax breaks to incentivize buying a home. There are chances that FM Sitharaman may introduce deduction on home loan interest repayment and subsidized interest rates for availing home loans.
Meanwhile, Prime Minister Narendra Modi has also hinted at tax relief this Budget. At an event yesterday, he said, “I pray that Maa Lakshmi continues to bless the poor and middle class of our country.”
Watch this space for all budget-related live updates, with a focus on income tax slab changes. This space will also clear your basic doubts, simplify some terms for you and also share budget trivia. By the way, do you know renowned cricketer Yuzvendra Chahal is an income tax officer? Keep an eye here for more such information.
