New Delhi, January 8: The upcoming union budget 2025-26 should focus on giving personal tax relief to common taxpayers by raising the basic exemption limit in the new tax regime from Rs 3 lakhs to Rs5 lakhs and reducing tax rates, suggests global consulting and professional services firm Ernst & Young India (EY India).
New Delhi, January 6: In their customary pre-budget meeting with Union Finance Minister Nirmala Sitharaman on Monday, trade union leaders suggested a super-rich tax and an increase in corporate tax to fund social security for informal workers.