How Does Budget 2025 Impact Your Personal Taxes?

Economic News Update – Budget 2025 and Your Tax Savings

How Does Budget 2025 Impact Your Personal Taxes? Let’s Break It Down

Published by RealTax India | www.realtaxindia.com

The Union Budget 2025 has introduced several new changes aimed at boosting the economy, enhancing digital infrastructure, and offering selective relief to taxpayers. But what does this really mean for your personal finances and tax savings?

Here’s a detailed look at how Budget 2025 could affect you:

🔍 Key Highlights for Individual Taxpayers

  1. Revised Tax Slabs (New Regime)
    The government has slightly revised the tax slabs under the new tax regime to offer marginal relief to middle-income earners. Standard deduction benefits have been slightly increased to encourage taxpayers to shift to the new system.
  2. Increased Limit for 80C & 80D
    • Section 80C (investments in PF, ELSS, LIC): Limit increased to ₹2.0 lakh from ₹1.5 lakh.
    • Section 80D (health insurance premiums): Increased to ₹60,000 for senior citizens.
  3. Boost to Affordable Housing
    Deduction on interest for home loans under affordable housing extended for another year. A great opportunity for first-time home buyers.
  4. Digital Tax Filing Made Easier
    Pre-filled ITR forms now include capital gains from mutual funds and stock investments, reducing errors and making tax filing seamless for salaried professionals and investors.

📊 What This Means for You

  • More savings opportunities through revised deduction limits.
  • Simplified compliance with better digital tools.
  • Incentives to invest in real estate, insurance, and mutual funds.
  • Salaried individuals may now find the new regime more attractive.

📣 RealTax India Recommends:

“Now is the time to revisit your tax-saving strategy. Whether you’re a salaried employee, freelancer, or small business owner, Budget 2025 brings new avenues to maximize your deductions legally and efficiently.”
— Team RealTax India

👉 Need Personalized Advice?
Visit www.realtaxindia.com or call 9899767300 to schedule your free consultation with our tax experts.

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Partnership (LLP) Registration

Registering a Limited Liability Partnership (LLP) is an excellent option for startups and small businesses, combining the benefits of a partnership with the structure of a private company. A major advantage is that LLPs have no minimum capital requirement, making them accessible to entrepreneurs at any stage.

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