Union Budget 2025 | Professionals should be allowed to save tax on money they spend upskilling: Hari Krishnan Nair, Co-Founder, Great Learning

'...to make upskilling mainstream behaviour among youth, investing in upskilling programs should become a way for professionals to save tax under Section 80C,' he said.

The Union Budget for the upcoming financial year is all set to be presented on February 1, 2025, by Finance Minister Nirmala Sitharaman. According to reports, 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.

Ahead of the budget, Hari Krishnan Nair, Co-Founder, Great Learning, said, "The current 18% GST levied on edtech companies imposes a significant burden on learners. Eliminating or reducing this GST rate would offer much-needed relief."

He added, "As we approach Budget 2025, we are optimistic that the government will introduce policies to position India as a global hub for talent and innovation, beginning with making quality education truly accessible."

Nair also said "to make upskilling mainstream behaviour among youth, investing in upskilling programs should become a way for professionals to save tax under Section 80C."

He concluded, "We hope this year's budget not only prioritises creating more employment opportunities but ensuring equity and access to more learning opportunities."

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.