New Delhi, Jan. 8 -- Income Tax Budget 2025 Expectations: As the Union Budget 2025, scheduled for February 1, approaches, expectations among salaried individuals for potential income tax relief are mounting. In Budget 2020, Finance Minister Nirmala Sitharaman unveiled the New Tax Regime, which aimed to streamline the taxing process by lowering tax rates and eliminating most exemptions and deductions.

Ashish Goyal, Co-Founder of Fibe, urges the Budget to prioritise inflation and increase income tax slabs to provide relief to salaried individuals, boosting disposable income and consumer spending.

" Budget 2025 should prioritise inflation as a critical factor, and the Finance Ministry must consider increasing tax slabs. This will provide s...