Budget 2025 Highlights On Income Tax. Finance minister nirmala sitharaman in her union budget 2025 speech announced sweeping changes in personal income tax, with major revamp of income. Taxpayers earning above โน12,00,000 can benefit from rebates, and the filing of updated returns has been made easier.
Under the newly announced tax slabs under the new regime, no income tax will be payable on annual income of up to rs. February 2, 2025 11:15 ist.