Budget 2025 should cut tax rates, raise income tax exemption to ₹5 lakh: EY

Union Budget: EY India proposes personal tax relief and the deferment of TDS on PF interest rate in the upcoming union budget 2025-26. They recommend simplifying the tax system, reducing litigation, and providing clarity on cryptocurrency and NFT taxation. Proposed reforms include rationalising capital gains structures and removing house property loss set-off caps.