Income tax deductions are not inflation linked hitting taxpayers harder: Budget 2025 needs to hike these

Since its introduction, the government has actively promoted the new tax regime, citing its reduced compliance burden for both taxpayers and authorities. Tax slabs and rates under the new regime have been refined to enhance its appeal. However, is the recalibration of the new tax regime and the reduction in tax rates effectively countering annual inflation?

from Tax-Wealth-Economic Times https://ift.tt/IpMYh1Z