Tag: budget 2025 India expectations

Union Budget 2025 Live Updates: Union Finance Minister Nirmala Sitharaman on Saturday presented the Budget for the third term of the Bharatiya Janata Party (BJP)-led government, providing significant tax relief to the salaried middle class that was struggling with high prices and stagnant wages.  Making a slew of announcements, Ms Sitharaman said individuals having an…

There may be concessions for the middle class, which is pinning hope on a reduction in income tax rates, along with a hike in standard deduction. Under the old tax regime, the basic income exemption limit is set at Rs 2.50 lakh, while in the new tax regime, the limit is Rs 3 lakh. With…