New Delhi, Feb. 1 -- New Regime Tax SlabsRs. 0-4 lakhNilRs. 8-12 lakh10 percentRs. 16-20 lakh20 percentRs. 20-24 lakh25 percentAbove Rs. 24 lakh30 percent

Union Finance Minister Nirmala Sitharaman presented the Union Budget 2025, her eighth consecutive one in Parliament this morning. This accomplishment has set a new benchmark for continuity in India's financial planning.

This is also the Narendra Modi Government's first full-year Budget in the third term and was presented against the backdrop of geopolitical uncertainties and slowing of the economic growth rate to a four-year low.

In her Budget speech, Nirmala Sitharaman raised the limit of income tax rebate from Rs. 7 lakh to Rs. 12 lakh, which essentially means that if an individual...