new tax
Budget 2025: Will the Government Hike the Standard Deduction? Here’s Why It Should Happen
Anthony Lane
The Union Budget 2025 may introduce a hike in the standard deduction, providing much-needed tax relief to salaried individuals and pensioners. With inflation and cost-of-living pressures mounting, experts advocate for an increase from ₹75,000 to ₹1,00,000 or more. This adjustment could boost disposable income, encourage the adoption of the new tax regime, and simplify tax compliance.
