During the Union Budget 2024-25, Finance Minister Nirmala Sitharaman unveiled a plan to withdraw specific old direct tax claims, which will bring relief to around one crore taxpayers. She outlined that outstanding direct tax demands ranging up to ₹25,000 from 1962 to FY2009-10 and up to ₹10,000 from FY2010-11 to FY2014-15 will be nullified.
