Income tax exemption raised to ₹12 lakh, boosting middle class.

The TDS limit on interest for senior citizens has been increased from ₹50,000 to ₹1 lakh, while the TDS limit on rent payments has been raised from ₹2.40 lakh to ₹6 lakh. These changes aim to reduce the tax burden and simplify compliance for individuals. The TDS limit on interest for senior citizens has been increased from ₹50,000 to ₹1 lakh, while the TDS limit on rent payments has been raised from ₹2.40 lakh to ₹6 lakh. These changes aim to reduce the tax burden and simplify compliance for individuals.

The government has set a fiscal deficit target of 4.4% of GDP for 2025-26, down from 4.8% this year, signaling a clear focus on tightening fiscal discipline and reducing the national debt. The government has set a fiscal deficit target of 4.4% of GDP for 2025-26, down from 4.8% this year, signaling a clear focus on tightening fiscal discipline and reducing the national debt.

To balance the impact of tax cuts, the government plans to boost capital spending, focusing on infrastructure and economic growth. This strategy aims to drive long-term development and create jobs. To balance the impact of tax cuts, the government plans to boost capital spending, focusing on infrastructure and economic growth. This strategy aims to drive long-term development and create jobs.

By abolishing angel tax, the government is making it easier for early-stage startups to raise funds without the fear of extra tax burdens, creating a more supportive atmosphere for innovation and growth.

By abolishing angel tax, the government is making it easier for early-stage startups to raise funds without the fear of extra tax burdens, creating a more supportive atmosphere for innovation and growth. By abolishing angel tax, the government is making it easier for early-stage startups to raise funds without the fear of extra tax burdens, creating a more supportive atmosphere for innovation and growth.