Run-up to Budget 2025: Need for some deduction-related relief in new regime
India's Budget 2025 may potentially abolish the old tax regime. The new tax regime, default since 2020-21, offers simplified, lower tax rates with fewer benefits. Experts emphasize allowing deductions for medical premiums under Section 80D and for disabilities under Section 80U, arguing these are necessities. Ensuring equitable tax relief promotes fairness in the tax system.
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India's Budget 2025 may potentially abolish the old tax regime. The new tax regime, default since 2020-21, offers simplified, lower tax rates with fewer benefits. Experts emphasize allowing deductions for medical premiums under Section 80D and for disabilities under Section 80U, arguing these are necessities. Ensuring equitable tax relief promotes fairness in the tax system. 
