Income tax slab is going to change in the country. Now no tax will be levied on those earning up to Rs 7 lakh.

The budget of year 2025 especially middle class And employed people Can be focused on. Central government New Tax Regime It is considering many major changes to make it more attractive. According to sources, the government EPF (Employees Provident Fund) Making it mandatory for all tax slabs and new tax exemption Can announce addition.

Proposal to make EPF mandatory

To include EPF in the new tax regime The proposal is under discussion. If this is implemented, every employee's savings will be ensured through EPF.

• old tax regime EPF is included in the exemption of up to Rs 1.5 lakh under section 80C.
• new tax regime By including this, taxpayers will benefit from additional savings.
• It is not yet decided whether it 80C will be added under or new discount separately Will be presented as.

Possible changes in the new tax regime

New Tax Regime Was launched in the year 2020. It was introduced as a simple and no-deduction option. However, taxpayers are concerned about this mixed reaction Has been.

The following changes are expected in the 2025 budget:

1. New tax exemption: Scheme to provide relief to taxpayers in both savings and expenditure.
2. Increase in Standard Deduction: The exemption of ₹50,000 may be further increased.
3. Linkage of EPF and other investment schemes: So that retirement planning can be ensured.

Existing New Tax Regime Slab

• Exemption limit: In 2023, the rebate limit was increased from ₹5 lakh to ₹7 lakh.
• Announcement of changes and discounts in new slab rates is possible.