Budget 2025 income tax: Personal tax announcements from the Budget and their impact
Friday, 7 February 2025 Budget 2025 income tax: Recognizing the contributions of the middle class and with an objective to eventually phase out the old tax regime, various changes have been introduced in the new tax regime. The basic exemption limit has been increased from INR 3 lakhs to INR 4 lakhs.
Finance Minister Nirmala Sitharaman presented the Union Budget 2025, packed with key highlights aimed at fostering economic growth and social welfare. The budget focuses on providing significant relief..