Tax Changes For 2025. Surcharge may be removed in direct tax code 2025. From now, taxpayer will only consider the financial year, streamlining tax filing.

Taxpayers can now benefit from revised tax slabs, along with an increased standard deduction and an enhanced family pension deduction. The union budget 2025 will be tabled in parliament on february 1, 2025, at 11:00 am by finance minister nirmala sitharaman in the lok sabha who will be presenting her eighth budget.