Budget 2025: Income Tax Bill Live Updates - Nirmala Sitharaman to Introduce New Tax Regime
2025-02-10
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The new income tax bill is set to be tabled by Finance Minister Nirmala Sitharaman, following the Budget 2025 announcements. The budget has effectively made income up to ₹12 lakh tax-free under the new tax regime, with the no-tax limit increased from ₹7 lakh to ₹12 lakh and revised tax slabs introduced. This move is expected to provide significant tax relief to individuals, with potential impacts on personal finance and budget planning, including tax savings and investment strategies.
