Budget FY25 should focus on tax relief to boost consumption: India Inc

Industry leaders urge the 2024 Union Budget to focus on tax relief for lower-income groups to boost consumption. Recommendations include reducing corporate tax rates, eliminating exemptions, and broadening the tax base. Mayank Gupta, Co-Founder & COO of Zopper, advocates for increasing the limits on insurance premium payments under Section 80C and allowing deductions for term life insurance under the new tax regime.