Finance minister Nirmala Sitharaman says that the new income tax bill will be introduced next week. She adds that the government will take forward 'trust first, scrutinise later' concept.Income Tax Budget 2025 LIVE: FM Nirmala Sitharaman says that the government will set up the Gyaan Bharat Mission for survey,

This comes after the government said that people earning up to 1.28 million rupees ($14,800) per year will not have to pay any taxes, raising its threshold from 700,000 rupees. It also cut tax rates for people earning above the new threshold.

Reducing withholding taxes on senior citizens and allowing taxpayers to claim the annual value of 2 self-occupied properties without conditions are other measures reflecting the desire to boost consumption.

The Budget 2025 is being seen as an important step to revive the slackening urban consumption in India and thereby help retail, consumer service sectors

As the Union Budget 2025-26 approaches, Indians are eagerly anticipating relief from income tax slabs and solutions for farmers and unemployment issues. Union Finance Minister Nirmala Sitharaman is set to present the budget today,

The question on everyone’s mind is whether the government will eliminate or revise the 30% tax slab in the upcoming budget.

Indian Prime Minister Narendra Modi’s government has presented an annual budget that focuses on wooing the salaried middle class with tax cuts and spurring economic growth by boosting agriculture and