Budget 2025 income tax: Raise 30% income tax slab; provide flat 30% deductions on gross income - here’s why

Adhil Shetty, CEO of BankBazaar, urges Finance Minister Nirmala Sitharaman to raise the 30% income tax threshold to ₹18 lakh in Union Budget 2025, restructure the tax brackets, and introduce a 30% flat deduction on gross income.

Jan 21, 2025 - 17:00
Budget 2025 income tax: Raise 30% income tax slab; provide flat 30% deductions on gross income - here’s why

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Adhil Shetty, CEO of BankBazaar, urges Finance Minister Nirmala Sitharaman to raise the 30% income tax threshold to ₹18 lakh in Union Budget 2025, restructure the tax brackets, and introduce a 30% flat deduction on gross income.
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