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Income Tax Budget 2025 LIVE: How to save up to ?2.6 lakh under new tax rates?

Finance Minister Nirmala Sitharaman in Budget announced new tax slabs in the new tax regime 2025, making it so that there is no income tax for those drawing ₹12 lakh and less. We take a look at who is most likely to benefit from the changed income tax slab.

The article from LiveMint discusses the anticipation and expectations surrounding the Union Budget 2025, presented by Finance Minister Nirmala Sitharaman on February 1, 2025. Key points include potential changes to the income tax slabs, with a focus on whether there will be adjustments to benefit the middle class under both the new and old tax regimes. There is speculation about simplifying the tax structure, possibly increasing the tax exemption limit, and introducing new deductions or exemptions. The article also covers live updates and reactions from taxpayers, financial experts, and industry leaders as the budget announcements unfold, highlighting the government's efforts to stimulate economic growth, manage fiscal deficit, and address the needs of various sectors including healthcare, education, and infrastructure. Additionally, there is interest in how the budget might address inflation, employment, and the overall economic recovery post the global health crisis.

Read the Full Mint Article at:
https://www.livemint.com/money/personal-finance/income-tax-budget-2025-slab-live-updates-nirmala-sitharaman-announcements-new-old-tax-regime-taxpayers-1-february-2025-11738318133744.html


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