New Delhi, Jan. 30 -- The Union Budget 2025 is just around the corner, and taxpayers are keeping a close watch. Over the years, the middle class has shouldered a big part of the tax burden, with individual tax collections doubling from Rs.4.8 lakh crore in FY21 to Rs.10.4 lakh crore in FY24. This year, many are hoping for much-needed relief. Here's why this budget is special and what people are expecting.

For many, the current tax system feels outdated. Right now, income above Rs.15 lakh is taxed at 30%, and this threshold hasn't changed for years.

Taxpayers are hoping for a new, fairer structure like:

This change would make a big difference. For example, someone earning Rs.25 lakh a year could save over Rs.1.5 lakh in taxes under this...