Budget and You: How will Budget 2025 impact your money?

Finance Minister Nirmala Sitharaman presented the Union Budget 2025 on February 1, introducing key reforms that will enthuse taxpayers, simplify taxation, boost foreign investment and enhance financial inclusion. Highlights included nil tax for income up to Rs 12 lakh, a New Income Tax Bill, rationalised TDS/TCS limits and expanded benefits for homeowners.