Year Ender 2025: Major Income Tax And GST Reforms Redefine India's Tax Landscape
2025 will be remembered for major tax reforms that brought about significant changes in the way individuals and businesses pay taxes. The push for tax reform began with the Union Budget 2025-26, presented in February by Finance Minister Nirmala Sitharaman. Under the new tax regime, the tax-free income limit was raised from Rs 7 lakh to Rs 12 lakh.
