Finance Minister Nirmala Sitharaman will present the Union Budget 2025 in the Parliament on February 1, 2025. Ahead of her eighth consecutive budget presentation, Sitharaman tabled the Economic Survey on January 31. Indian middle class pins hopes on income-tax breaks and reliefs this time around in the budget, expecting revised tax slabs, higher deductions, and more rebates.
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Union Budget 2025 LIVE: No income tax on income up to ₹12 lakh under new tax regime
Finance Minister Nirmala Sitharaman announced that no income tax will be levied till ₹12 lakh income under the new tax regime. She said the new and “simpler” income tax bill will be introduced next week
