BUDGET 2025: Income tax payers will get good news in Budget-2025, lottery will be available for those who earn less than 15 lakh

By News Update On Jan 24, 2025

Budget 2025 Expectations: The countdown to present Budget-2025 has started. Halwa Ceremony will be 5 pm today. Minister of State for Finance Pankaj Chaudhary and other senior officials will also be present on the occasion. With this, the countdown of the budget will also start and on February 1, Finance Minister Nirmala Sitharaman (Nirmala Sitharaman) will present the budget of the year-2025-26. In the budget, the middle class of India is expected to get a discount in income tax. Sources are quoted as saying that people with income ranging from Rs 10 to 15 lakhs annually can get great relief in tax. Also, the government is eyeing those who earn more than 15 lakhs.

Virender Sehwag and Aarti will divorce! 21 years long 'holy relationship' reached the verge of breaking up, both have been living separately for several months

The government aims to reduce the financial burden for the middle class and strengthen them. In such a situation, the government has decided to give great relief to the people who earn annuals from 10 to 15 lakh rupees. Also, since the implementation of the new tax system, the government has given relief to taxpayers who have earned less than Rs 15 lakh annually by increasing the limit according to the tax slab. The purpose of this exemption has been to prevent their income from decreasing in the growing inflation.

VIDEO: Big explosion in the Ordinance Factory of the Ministry of Defense in Maharashtra, the roof collapsed, 5 employees killed, many people are feared to be buried

To reduce this effect of inflation, the government has increased the limit of minimum 20 per cent and maximum 40 per cent in the limit for taxpayers with income less than Rs 15 lakh in five years. However, there has been no change in the limit for taxpayers who have earned more than Rs 15 lakh and they have to pay tax at a maximum rate of 30 per cent.

Make in America: Donald Trump announced 'Make in America', know what will harm India?

Experts also believe that now in view of inflation and other expenses, it is necessary that the government should consider giving relief to the people coming to the highest slab. Anyway, if we look at the income slab of those who fill the ITR, then the taxable income of 70 percent taxpayers is 5 lakh or less.

After killing the wife, why did the dead body be broken into the cooker? Accused husband revealed shocking

46 percent people suggested to reduce tax rate

Experts also believe that now in view of inflation and other expenses, it is necessary that the government should consider giving relief to the people coming to the highest slab. In a survey, about 46 percent of the people have suggested to reduce tax rates to increase the attraction towards the new tax system.

The wife's throat with scissors in front of the 5 -year -old son, then made a video and shared it in the group of office, read the heart and keep the body tingling

Follow the LALLURAM.COM MP channel on WhatsApp