Budget 2025 income tax expectations: Top personal tax changes on the wishlist

Budget 2025 income tax expectations: As Budget 2025 approaches, taxpayers are keen on potential changes such as a higher basic exemption limit, clarity on EV perquisite valuation, and taxation of Virtual Digital Assets. Additional expectations include increasing the house property loss set-off limit, expanding HRA exemption cities, and tax deferral on ESOPs for all employees.

Budget 2025 income tax expectations: Top personal tax changes on the wishlist

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Budget 2025 income tax expectations: As Budget 2025 approaches, taxpayers are keen on potential changes such as a higher basic exemption limit, clarity on EV perquisite valuation, and taxation of Virtual Digital Assets. Additional expectations include increasing the house property loss set-off limit, expanding HRA exemption cities, and tax deferral on ESOPs for all employees.