🚀 Key Highlights from Part B of the Union Budget 2025-26 | Taxation Reforms 📢 Finance Minister Nirmala Sitharaman introduced several tax reforms aimed at boosting economic growth, simplifying tax compliance, and providing relief to taxpayers.Here’s what you need to know: 🏡 Personal Income Tax Reforms ✅ Revised Income Tax Slabs (New Regime) 📊 - ₹0 - ₹4,00,000 ➝ No Tax 🚀 - ₹4,00,001 - ₹8,00,000 ➝ 5% - ₹8,00,001 - ₹12,00,000 ➝ 10% - ₹12,00,001 - ₹16,00,000 ➝ 15% - ₹16,00,001 - ₹20,00,000➝ 20% - ₹20,00,001 - ₹24,00,000➝ 25% - Above ₹24,00,000** ➝ 30% ✨ Big Relief! Individuals earning up to ₹12,00,000 are now exempt from income tax due to rebates. ✅ Standard Deduction Increase 💰 - Raised from ₹50,000 ➝ ₹75,000 for salaried individuals! 🏢 Corporate Taxation 🔹 Lower Tax for MSMEs 📉 - Corporate tax rate slashed from 25% to 22% for companies with turnover up to ₹250 crore. 🛍️ Indirect Taxes & GST 📌 GST Simplification✔️ - Introduction of **single monthly returnfor small businesses. - Enhanced input tax credit for smoother compliance. 📌 Customs Duty Reforms 🏭 - Duty reduction on essential raw materials to support domestic manufacturing & exports. 📈 Capital Gains Tax Changes 📊 Rate Adjustments: - Short-term capital gains tax ➝ Now 20% - Long-term capital gains tax➝ Now 12.5% 🏛️ **Tax Administration & Compliance ✅ **Faceless Assessments & Appeals 🏢 - Further streamlined to reduce bureaucracy & enhance transparency. ✅ New Dispute Resolution Committee ⚖️ - Aims to resolve disputes **efficiently for small taxpayers! 🔹 What are your thoughts on these tax reforms?** Share your insights in the comments! 💬👇 #budget2025 #unionbudget #taxationreforms #incometax #corporatetax #finance #economy #indiabudget #linkedin