Gurgaon, Feb. 2 -- Union Budget 2025 is announced by the finance minister, Nirmala Sitharaman. This budget is pronounced a mixed bag, which has something for everyone. Whether it is income tax relief, MSME credits, tax reductions for senior citizens, or extending support for women entrepreneurs, this Union Budget has it all.

To summarize some of the major Key Announcements of Union Budget 2025: Income Tax Relief: This is one of the major announcements for the middle class. No tax payable for up to rs 12 lakh for the salaried employees. Introduction of 25% slab to ease up tax for employees earning between rs 20 lacs to 24 lakh and 30% above rs 24 lakh. For senior citizens, the deduction limit is doubled from rs 50,000 to rs 100,000.

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