Union Budget 2025: Benefits Through Taxes or Not?

The Union Budget for 2025 has introduced significant reforms, especially in relation to growth in household consumption driven by higher disposable incomes and tax simplicity. Key revisions in income tax slabs, standard deductions, and further rationalization under TDS and TCS are expected to impact the middle class and small taxpayers. However, the question remains: do these reforms genuinely provide increased tax benefits? Let’s delve deeper into the details.

Income Tax Reforms: More Gains for the Middle Class

One of the most striking announcements in the budget was the increase in the tax-free income threshold to ₹12 lakh, which, with the standard deduction of ₹75,000 under the new tax regime, brings the threshold to ₹12.75 lakh. This is a significant leap from previous tax exemptions and aims to alleviate the financial burden on the middle class.



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