Budget 2025: How Tax Changes Will Impact Your Personal Finances
2025-02-11
Live Mint on MSN.com
The Budget 2025 brings significant changes to personal finance tax rules, including a higher TCS threshold for overseas remittances, tax exemptions on certain withdrawals, and revised ULIP tax regulations. Additionally, the budget extends timelines for filing income tax returns and revises TDS limits, providing relief to senior citizens and renters. These changes aim to simplify tax compliance and reduce financial burdens, making it essential for taxpayers to understand the implications on their personal finances and plan accordingly, considering key terms like tax savings and financial planning.
