India, Feb. 1 -- Budget 2025 has brought good news to the middle class, exempting those earning up to Rs.12 lakh under the new tax regime. Additionally, there are two key changes aimed at easing the compliance burden:

Tax-Free Second Home - Homeowners can now claim nil valuation for two self-occupied properties instead of one.Higher TDS Threshold on Rent - The TDS deduction limit on rent paid by non-individuals has been raised from Rs.2.4 lakh to Rs.6 lakh, benefiting both tenants and landlords.

These reforms simplify taxation and encourage homeownership while reducing financial strain.

Budget 2025 has brought relief for homeowners who have multiple properties. Previously, an individual could designate only one property as self-occupie...