Will the middle class get a tax break in Union Budget 2025-26?
Individual taxpayers look forward to the Budget every year hoping for a big tax break. It has eluded them for years, but with high inflation, moderating urban consumption, and robust tax collections, will the middle class get a tax break in February?
Print Edition: Feb 02, 2025
Time for a Tax Break
As the government prepares the Union Budget for 2025-26, which is expected to chart the course for the next four years of Prime Minister Narendra Modi’s government, there is one demand that is refusing to go away: a reduction in income tax rates for India’s burgeoning middle class.
