AI Evaluation Notes

The prediction stated 'no major tax relief' in the near future. However, both the Union Budget 2024-25 and the Union Budget 2025-26 introduced significant tax relief measures. The 2024-25 budget increased the standard deduction for salaried individuals and pensioners, and the 2025-26 budget hiked the income tax rebate, making annual incomes up to ₹12 lakh tax-free and leading to a significant revenue foregone by the government.