Sitharaman's Tax Reforms: A Journey from 2019 to 2025 Budgets

• 2019 Budget offered ₹1.5 lakh additional home loan interest deduction for affordable housing, boosting home buying.
• 2020 saw the introduction of a new income tax regime with lower rates but no deductions, now widely adopted.
• 2021 brought tax administration reforms like faceless assessment and appeal, enhancing trust.
• 2022 Budget imposed a 30% tax on cryptocurrency profits, bringing digital assets under tax scrutiny.
• 2023 made the new tax regime default, while 2024 simplified capital gains and 2025 made income up to ₹12 lakh tax-free.

Why It Matters: Sitharaman's budgets from 2019 to 2025 consistently simplified tax, boosted economy, and eased taxpayer burden.