Budget 2025: An expert outlines the tax outgo and how people earning over Rs 19 lakh are paying more taxes Experts and taxpayers alike are expecting a thorough overhaul of the income tax system in the next budget, with some speculating that the Income-tax Act of 1961 may be rewritten.
With 72% of taxpayers now favoring the new tax regime, more and more taxpayers are moving in that direction.
