Budget 2025, Feb. 1 -- From income tax rebates to relief for cancer patients, Finance Minister Nirmala Sitahraman announced key reforms in the Lok Sabha in Parliament today.

Here are 10 important updates that could impact your pockets.

One of the biggest announcements by Finance Minister Nirmala Sitharaman was about zero tax levied on annual income up to Rs.12 lakh. The government has raised the income tax exemption limit to Rs.12 lakh from Rs.7 lakh. For the salaried class, income tax is exempt on individuals earning up to Rs.12.75 lakh due to the standard deduction of Rs.75,000. However, capital gains tax will be taxed separately.

FM Nirmala Sitharaman proposed to increase the TDS (tax deducted at source) exemption limit from Rs.50,0...