New Delhi, Jan. 31 -- Union Finance MinisterNirmala Sitharaman will presentUnion Budget 2025 tomorrow, her eighth in a row including the interim Budget last year.

Year after year, a number of key reforms have been introduced for the taxpayers. In 2020, for instance,a new tax regime was introduced fortaxpayers and in 2024, capital gain structure was revamped. We give a lowdown on the key reforms which were introduced by the FM in the past few years.

These are some of the key reforms introduced which impacted the individual taxpayers in a significant way.

I. New income tax regime:TheFM announced the new tax regime in Budget 2020 as an optional regime. This was done to simplify the tax system where in concessional tax rates were offered w...