New Delhi, Feb. 3 -- The Union Budget 2025 introduced a series of direct tax measures aimed at making the new tax regime more attractive for resident taxpayers. One of the key highlights was the increase in the income tax exemption limit to Rs.12 lakh, surpassing market expectations of Rs.10 lakh.

While this move is set to enhance disposable incomes and fuel consumption, equity traders are left out of the benefits.

Mihir Ashok Tanna, Associate Director (Direct Taxes) at S K Patodia & Associates LLP, noted, "Direct Tax proposal in the budget continued to make the new tax regime more attractive for resident taxpayers except for equity traders who will not benefit from rebates on special rate income which is the subject matter of litigatio...