New Delhi, Jan. 26 -- A pre-budget survey reveals that individual taxpayers want relief on the personal tax front to increase their disposable income in Budget 2025-26 to be presented in Parliament by Finance Minister Nirmala Sitharaman on February 1.

A majority of respondents, 57 per cent, want lower tax rates, while 25 per cent advocate for higher exemption limits, according to the survey carried out by consulting and services firm Grant Thornton Bharat.

Based on the latest data available, a significant number of taxpayers have switched to the simplified new personal (default) tax regime. In fact, currently, 72 per cent of taxpayers have opted for this, and only 28 per cent remain in the old tax regime.

However, to further enhance th...