https://www.taxtmi.com/article/detailed?id=14007 The Budget 2025 restructures the individual tax regime with revised slabs and an expanded Section 87A rebate making many individuals exempt under the new regime; it raises multiple TDS and TCS thresholds to reduce compliance, extends ITR-U correction timelines with graded additional tax liabilities, and implements structural changes including IFSC concessions, start-up deductions, omission of sections 206AB/206CCA, partner remuneration deduction revisions, ULIP capital gains treatment, and relaxation for declaring two self-occupied properties. en-us Thu, 03 Apr 2025 07:51:26 +0530 Thu, 03 Apr 2025 07:51:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=14007 The Budget 2025 restructures the individual tax regime with revised slabs and an expanded Section 87A rebate making many individuals exempt under the new regime; it raises multiple TDS and TCS thresholds to reduce compliance, extends ITR-U correction timelines with graded additional tax liabilities, and implements structural changes including IFSC concessions, start-up deductions, omission of sections 206AB/206CCA, partner remuneration deduction revisions, ULIP capital gains treatment, and relaxation for declaring two self-occupied properties. Articles Income Tax Thu, 03 Apr 2025 07:51:26 +0530 https://www.taxtmi.com/article/detailed?id=14007