With the new tax slabs, the standard deduction of ₹75,000, over and above the ₹12 lakh limit under the new tax regime, furthers the agenda of driving up savings, investments and consumption.

The income tax reforms introduced in the budget are among the biggest in the last decade — simplified and rationalised to put more money in people's hands without compromising the fiscal deficit.

Finance Minister Nirmala Sitharaman unveiled the Union Budget 2025-26 with a focus on simplification and sectoral reforms. Key highlights include no income tax for earnings up to ₹12 lakh under the ...

The large cuts in income tax is an acceptance from the government that its corporate tax cut of 2019 has not worked. Had the sequencing been reversed — IT cut first, corporate tax cut later — the resu ...

Highlights: FM Nirmala Sitharaman's announcement on February 1 brings a gift for the Indian middle class with no tax payable ...

The government announced a clutch of infrastructure and employment generation schemes for Bihar months ahead of assembly ...

Startups too found reasons to celebrate. The budget extends the incorporation period for startups by an additional five years ...

Allocation for rural development inched up Rs2.66 lakh cr for FY 26 from Rs 1.90lakh crore (revised estimates for FY 25). Budget estimates for FY 25 were at Rs 2.65 lakh crore.

Mukesh Mahaling, the Minister for Health and Family Welfare of Odisha, on Saturday expressed gratitude to Finance Minister ...

Prime Minister Narendra Modi lauded the Union Budget 2025 and said it will put more money in the hands of the public and ...

As anticipated by experts, the manufacturing industry received a significant boost from the central government ...

The Budget 2025 is being seen as an important step to revive the slackening urban consumption in India and thereby help ...