Revised tax slabs, lower GST rates? Here’s what to expect from budget 2025

As the government prepares to announce the Union Budget 2025, there is anticipation among the middle class, salaried employees, and entrepreneurs regarding what Finance Minister Nirmala Sitharaman will unveil. Tax reforms, including revised income tax slabs and lower GST rates, are among the expectations. There is also hope for policies that support domestic production, curb air pollution, and promote the development of India’s digital sector, particularly in Artificial intelligence (AI). Overall, there is a call for initiatives that foster local manufacturing and create a more supportive environment for businesses in the country.