Union Budget 2025 LIVE: Nirmala Sitharaman gave a big gift to pay income tax
New Delhi:
Finance minister Nirmala Sitharaman The general budget of the country is presenting in the Lok Sabha. This is the first general budget of Modi 3.0. She has reached Parliament House with her with her red tablet. Taxpayers have high expectations from this budget. It is being said that there can be a lot of change in the tax system in this budget. The government wants to promote the new tax regime as much as possible, there is currently speculation about possible changes in the income structure. The Finance Minister can make some important announcements in the Income Tax Slab while presenting the budget. These announcements can prove to be good news for middle class and employed people. Some amendments are also expected to be made in tax rates under the new slab. If this happens, taxpayers will reduce tax burden and people will save more money in their hands.

The aim of the government is to make the tax structure simple and transparent so that more and more people are aware of tax payments. These changes declared in the budget will promote savings on one hand, on the other hand, the capacity to spend on the other side will also increase. The special thing is that under the new slab, people of low income group are expected to benefit more, which can strengthen their economic condition. Let us know what some announcements have been made for tax payers in this budget.
The stock market was seen as soon as the budget speech started
As soon as the Finance Minister started the budget speech, the stock market once again saw a boom. By 11.12 am, the Sensex was at 77,691.40, which was 921.26 points.
How is the tax slab so far
Currently, two tax systems are running inside the country. One is Old Tax Resetim and the other New Tax Regim. No exemption is given through 80C in the New Income Tax Reset. Because of this, Salared Employees are demanding to add saving rules in it. Let us tell you that during Budget 2024, Finance Minister Nirmala Sitharaman had increased the standard tax limit from Rs 50 thousand to Rs 75 thousand under the New Tax Regime.
Slab of Old Tax Regime and tax on tax
- On income up to Rs 2.5 lakh – 0% tax
- On income ranging from Rs 2.5 lakh to Rs 5 lakh – 5% tax
- 20% tax on income ranging from Rs 5 lakh to Rs 10 lakh
- 30 percent tax on income of more than Rs 10 lakh
Slab and tax under New Tax Regime
- On income up to Rs 3 lakh – 0% tax
- On income ranging from Rs 3 lakh to Rs 6 lakh – 5% tax
- On income ranging from Rs 6 lakh to Rs 9 lakh- 10% tax
- On income ranging from Rs 9 lakh to Rs 12 lakh – 15% tax
- On income ranging from Rs 12 lakh to Rs 15 lakh – 20% tax
- On income up to Rs 15 lakh – 30% tax