Steps to make new tax regime more attractive; clear and concise capital gains tax regime expected: Tapati Ghose, Deloitte

The new tax regime may see further widening of slabs and reduction of tax rates. A clear and concise capital gains tax regime is expected to boost the capital markets. The budget may also focus on increasing relief for medical insurance under Section 80D. Simplification of tax treatment for interest on bank deposits, alignment of Section 80TTA with Section 80TTB thresholds, and easier compliance for individuals crossing borders are anticipated.