https://www.taxtmi.com/news?id=32386 The budget restructures personal income taxation by exempting a raised annual income threshold and revising tax slabs to relieve the middle class, pledges simplification of tax laws, and raises the FDI limit in the insurance sector to attract private capital. A proposed policy to end loan waivers for very wealthy individuals and reallocate funds toward middle class and farmer support was suggested publicly but not incorporated into the budget. en-us Sat, 01 Feb 2025 14:46:03 +0530 Sat, 01 Feb 2025 14:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=32386 The budget restructures personal income taxation by exempting a raised annual income threshold and revising tax slabs to relieve the middle class, pledges simplification of tax laws, and raises the FDI limit in the insurance sector to attract private capital. A proposed policy to end loan waivers for very wealthy individuals and reallocate funds toward middle class and farmer support was suggested publicly but not incorporated into the budget. News - Sat, 01 Feb 2025 14:46:03 +0530 https://www.taxtmi.com/news?id=32386