<h1>Presumptive taxation expansion extends simplified profit presumptions to more small businesses and professionals, reducing compliance burdens.</h1> Increase in the tax rebate under Section 87A and the deduction limit under Section 80GG provides targeted relief to lower income individuals and taxpayers living in rented accommodation. The presumptive taxation regime is broadened by raising the turnover threshold under Section 44AD to relieve many small businesses in the MSME sector from detailed bookkeeping and audit, and by extending presumptive taxation to eligible professionals with a prescribed profit presumption.