Tax 2025. Finance minister nirmala sitharaman should consider raising the basic exemption limit from rs 3 lakh to rs 5 lakh under the new tax regime, says ey in its pre. Taxpayers can now benefit from revised tax slabs, along with an increased standard deduction and an enhanced family pension deduction.
Finance minister nirmala sitharaman should consider raising the basic exemption limit from rs 3 lakh to rs 5 lakh under the new tax regime, says ey in its pre. The current tax deduction limits under section 80d have remained.