What Happens To Taxes In 2025. Deloitte india insights on india's union budget 2025 expectations, focusing on direct tax slab in budget 2025, including settlement schemes for tax disputes. The end of 2025 marks the potential reversion to higher tax rates, impacting individuals across the income spectrum.

The standard deduction will be cut roughly. This gives incoming lawmakers a window of opportunity to reconsider how to structure tax policies to balance revenue.