Economy

5 Income Income Tax Relief Measures Announced in Budget 2025 by Nirmala Sitharaman

In the Union Budget 2025, Finance Minister Nirmala Sitharaman announced several income tax relief measures to benefit taxpayers. These changes aim to reduce the tax burden, simplify filing procedures and encourage savings. The government has raised tax slabs, increased the...

Budget 2025: What’s Cheaper and What’s Costlier?

The Union Budget for 2025, presented by Finance Minister Nirmala Sitharaman, introduced several changes in customs duties, impacting various sectors. The key focus was on reducing the cost of life-saving medicines, minerals, and goods related to EVs and textiles, while...

Income Tax Budget 2025: No income tax for upto ₹12 lakh in new tax regime

In the Union Budget 2025, Finance Minister Nirmala Sitharaman introduced significant changes to the income tax system aimed at providing relief to the middle class and boosting economic growth. These changes are expected to increase disposable income, enhance consumer spending,...

Nirmala Sitharaman Set to Make History with Her 8th Budget Today

Union Finance Minister Nirmala Sitharaman has set a new record by presenting her 8th consecutive Union Budget on February 01, 2025. This is the highest number of back-to-back budget presentations by any finance minister in India's history. The Budget for...

Union Budget 2025-26: Focus on Growth, Fiscal Discipline, and Social Welfare; Here’s a detailed analysis

The Union Budget 2025-26 outlines a comprehensive roadmap for India's economic growth, emphasizing infrastructure expansion, fiscal prudence, and inclusive development. With a total expenditure of ₹50.65 lakh crore, the budget prioritizes capital investment, social sector spending, and tax reforms while...

Union Budget 2025 LIVE Updates: No Income Tax Payable Upto The Income of Rs 12 lakh

Finance Minister Nirmala Sitharaman is set to present her record 8th consecutive Union Budget on Saturday, February 1, 2025, at 11 a.m. The Union Cabinet, led by Prime Minister Narendra Modi, approved the full budget for 2025-26. Union Budget 2025...

Understanding Budget 2025: A guide to the complex terms

The Union Budget 2025 is presented on February 1st, detailing the government's financial plans for the year ahead. It includes expected revenue, planned spending and economic policies. This budget can be complex, with many financial terms. But don't worry! we...

Government Budgeting in India – The Process and Constitutional Requirements

What exactly is a budget? A budget is a detailed report by the government that outlines its income and spending for the year. It acts as the government's annual financial statement, showing expected revenues and planned expenses. This helps in...

Budget 2025: 10 Interesting Facts About the Union Budget

The Union Budget of India, also called the Annual Financial Statement under Article 112 of the Constitution, is prepared by the Ministry of Finance for the next financial year. It outlines planned government spending, expected revenue and economic policies. The...

Union Budget: Know About the Historical Background

The Union Budget, as per Article 112 of the Indian Constitution, is the government's financial plan for the year. It estimates revenue and expenses for the fiscal year from April 1 to March 31. This budget is divided into two...