India, Feb. 3 -- Much of the euphoria around the 2025-26 budget has to do with income tax. The government has , through a rebate and a redefinition of slabs , forgone revenue of Rs.1 lakh crore, giving a huge boost to consumer sentiment. Despite this, it has not had to sacrifice its fiscal consolidation plan for the next fiscal year. Everything else (and there is quite a bit, including a continued emphasis on cap-ex), in the Budget is pretty much the same as last year. Here are four charts which tell us the income tax story in some detail.

Published by HT Digital Content Services with permission from Hindustan Times....