Explore key expectations for Income Tax reforms in Budget 2025 , including changes to Section 80D, home loan interest deductions, tax slabs, and corporate tax rates to boost growth and consumption. A key highlight of the 2025 -26 Union Budget was the long-awaited personal income tax relief, with Sitharaman announcing that individuals earning up to Rs 12 lakh annually will be exempt from tax ... Budget 2025 has proposed new income tax slabs under the new tax regime. Finance Minister Nirmala Sitharaman announced in the Union Budget 2025 that net taxable income up to Rs 12 lakh will not be taxed. Budget 2025 : Check the updated income tax slabs, rates, and deductions announced in Union Budget 2025 -26. Compare the new tax regime with the old to determine which benefits you the most.
