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Budget 2025: Experts demand 87A tax rebate increase, accessible home loans, income tax slabs linked with inflation and others from the FM. A strong case for linking income tax slabs with inflation makes sense now. "By linking income tax slabs to inflation, India could protect the purchasing power of its citizens, especially for the middle class."
The salaried class has been waiting for a big tax relief from the finance minister for a long time and it is expected that Budget 2025 may deliver it. Most experts whom we spoke with agreed the last time when a ‘big’ tax relief was given was almost 2 years ago in 2023. In 2023 the finance minister introduced a big increase in 87A rebate in the new tax regime which offered taxpayers a choice of no income tax for up to Rs 7 lakh income provided the taxpayer forgoes claim on most tax deductions. Since then, experts say many other tax relief schemes were introduced but none were as big as this relief.
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