Union Budget 2025 |Expect govt to reduce TCS on international travel and ease compliance for startup, says Niyo co-founder Vinay Bagri

Finance Minister Nirmala Sitharaman will present the 8th consecutive Union Budget on February 1, 2025. Reports suggest that the government is mulling over cutting income tax for those who are earning up to Rs 15 lakh a year in February's budget, in turn providing relief to the middle class.

The start-up sector have pinned high hopes on the Union Budget FY 2025-26 documents and are keeping their fingers crossed regarding their expectations from the government's most important financial document of the year.

"As a fintech focused on empowering travellers, we hope the Union Budget 2025 will continue simplifying financial processes for Indians. Reducing TCS on international travel and easing compliance for startups will provide much-needed support for growth. We also look forward to policies promoting digital banking, fostering innovation in the fintech space, and making global travel more accessible and affordable for all," said Vinay Bagri, co-founder & CEO, Niyo.

Union Budget 2025 | Nirmala Sitharaman, who continues to be Finance Minister, will present her record 8th Union Budget this time. While inflation has burnt a hole in the pockets of 'aam janata', reports suggest there might be a tax relief for those making up to Rs 15 lakh per year. Track the latest coverage, live news, in-depth opinions, and analysis only on Deccan Herald. Also follow us on WhatsApp, LinkedIn, X, Facebook, YouTube, and Instagram.