New Delhi, Jan. 27 -- As the Union Budget 2025 draws near, there's a growing buzz about potential changes in Income Tax policies for the common man. Experts have offered several recommendations focusing on significant changes to personal income tax, specific tax areas like EVs and crypto, housing benefits, savings incentives, and more. These proposed reforms aim to provide relief to the taxpayers.

The government should consider revising tax slabs to provide relief to middle-class taxpayers by potentially reducing individual income tax rates.

"Address inflation by increasing the exemption limit under the income tax regime. A rise to Rs.4 lakh is essential, while many taxpayers hope for a Rs.10 lakh limit," said Abhishek Soni, CEO of Tax2...