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FM Nirmala Sitharaman talks about income Tax reforms and tariff reductions

02 February,2025 11:00 AM IST

Union Finance Minister Nirmala Sitharaman highlighted that the government listens to the people`s needs, and this is a key quality of Prime Minister Modi’s administration. She mentioned that the simplification of income tax, which was announced in July, has already been completed, and the bill will be presented next week. Sitharaman emphasized that the government is focused on inclusive reforms, including in taxation. She also pointed out that the current budget focuses on rationalizing customs duties, with efforts to reduce and simplify tariffs. This is part of a broader effort to make tax systems more efficient and accessible for everyone. The changes reflect the government`s commitment to making tax processes more straightforward and beneficial.

02 February,2025 11:00 AM IST

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