Union Budget 2025 | Expect ‘abnormally’ high tax on gaming sector to be corrected: Amrit Kiran Singh, President of Skill Online Games Institute

The Union Budget for the upcoming financial year is slated to be presented on February 1, 2025, by Finance Minister Nirmala Sitharaman. It has been anticipated that the Narendra Modi government may consider slashing income tax for individuals earning up to Rs 15 lakhs per annum and extend the tax relief bracket in a bid to provide relief to the middle class and boost consumption, as per several reports.