Budget 2025-26: CII seeks cut in income tax, 3-tier Customs duty to spur growth

Budget 2025-26: CII seeks cut in income tax, 3-tier Customs duty to spur growth

Apex business chamber CII on Monday urged Finance Minister Nirmala Sitharaman to reduce personal income tax for individuals earning up to Rs 20 lakh per annum, introduce a three-tier customs duty structure with higher tariffs on finished goods and go for a 25 per cent increase in government capex in the Union Budget 2025-26 to spur growth in the economy. Dec 30, 2024