Budget 2025 LIVE: FM exempts income tax up to Rs 12 lakh

Union Budget 2025: In a major relief for taxpayers, Finance Minister Nirmala Sitharaman has exempted income tax up to Rs 12 lakh under the new regime. This exemption limit will be Rs 12.75 lakh for salaried tax payers, due to the standard deduction of Rs 75,000. The FM also announced that a new income tax bill will be introduced next week, which will have a special focus on the middle class.

Stay tuned as we bring you live updates on income tax changes, fiscal deficit, capital expenditure, revenue targets, and key policy measures from the Budget.

Budget 2025 Live updates: Thank you for tuning in! Find the complete analysis of the new tax reforms and what it means for your money and investments at vro.in.

Budget 2025 Live updates: New tax slabs under the new regime:

• Rs 0-4 lakh: Nil
• Rs 4-8 lakh: 5 per cent
• Rs 8-12 lakh: 10 per cent
• Rs 12-16 lakh: 15 per cent
• Rs 16-20 lakh: 20 per cent
• Rs 20-24 lakh: 25 per cent
• Above Rs 24 lakh: 30 per cent

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