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Global financial services company Nomura on Thursday said the Centre will focus on both fiscal consolidation and growth-supportive measures in the upcoming Union Budget for 2025-2026

Union Budget 2025 may introduce changes in income tax slabs: Nomura report

Quoting that most states have multiple slabs and gradual increase in tax brackets to minimise the scope of under-reporting of income, Revenue Secreatry Ajay Bhushan Pandey has said that new system is simple and gives more choice to people.

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Union Budget 2025 may introduce changes in income tax slabs: Nomura report

Two tax system is flexible and provides more choice to people says Revenue Secretary