The Department of Economic Affairs (DEA) on Friday announced that the pre-budget meetings will be commencing from October 9, 2025 and continue till mid-November.
India’s income-tax system is built around individual taxation, with separate exemption limits and deductions for each taxpayer. Marriage does not change this treatment, and spouses continue to file and pay taxes independently, even though most households function with shared incomes, expenses, and financial priorities.
Expectations are high for further rationalisation of income tax slabs, an increase in standard deduction, enhanced rebates, and new incentives to boost household spending and long-term investments.