New Delhi, Jan. 30 -- The Union Budget in July 2024 disappointed individual taxpayers with limited changes. Now, the salaried class are keenly awaiting whether the upcoming Budget 2025 will deliver the much-needed tax relief to alleviate mounting financial pressures. The emloyeed class expects relief in the budget on tax costs they bear on their salary income.

Reports suggest that the government may raise the tax-free annual income limit to Rs.10 lakh, offering relief to the salaried class and revitalising the economy.

"The govt should lower the income tax rates for individuals earning up to Rs.15 lakh annually. This can increase the overall disposable income and boost consumption," said Shefali Mundra, a tax expert at ClearTax.

Budget...