New Delhi, Jan. 11 -- As Finance Minister Nirmala Sitharaman prepares for Budget 2025 announcements, several anticipated income tax reforms may impact salaried people. The upcoming budget may include reforms to aid taxpayers, especially given rising inflation and financial restrictions. In a telephone conversation with Mint, Mumbai-based tax and investment expert Balwant Jain listed five crucial tax changes salaried individuals can expect from Modi 3.0's second budget.

The government may further promote the new tax regime by offering additional benefits to make it more attractive to taxpayers.

There are speculations that the government may change the income tax slab under the new tax system. "To make the regime more progressive and more...