Income Tax Slabs | Budget 2025: PM Modi says tax rebate will provide big benefit to middle class

Income Tax Budget 2025 Live: The Narendra Modi-led Cabinet has approved the Union Budget 2025-26. The budget will be tabled in Lok Sabha shortly.

Income Tax Budget 2025 Live: Ahead of the presentation of Budget 2025, the Union Cabinet meeting begins in Parliament, reports ANI.

Budget 2025 LIVE: Ahead of finance minister Nirmala Sithraman's budget speech, #NirmalaSitharaman and #IncomeTax are trending on X. Sithraman will start her budget speech at 11am.

Income Tax Budget 2025 Live: President Droupadi Murmu offered Union Finance Minister Nirmala Sitharaman the customary 'dahi-cheeni' (curd and sugar) ahead of her Budget presentation. Watch the video here.

Income Tax Budget 2025 Live: On Union Budget, businessman Robert Vadra says that he has very few expectations from the government.

"We have very little expectations from the government. I would like Nirmala Sitharaman to be among the people, listen to people and the biggest issue has been inflation for a long time and people are in so much trouble, there is unemployment... Kumbh is going on but the fares of trains, flights have also increased. The Union Budget should be in the interest of the people. I think it is not about BJP or Congress or any other party, everyone should be united and the budget should be in the interest of the country and the people," he tells ANI.

Income Tax Budget 2025 Live: Ahead of the presentation of Union Budget 2025, Shiv Sena (UBT) MP Priyanka Chaturvedi tells PTI: "I wish her all the best because she is going on to create a new record. I hope she sets a new record, a historic record to serve the people of this country and keep their interests in mind when she presents the Budget today, understands the responsibilities she has over the 1.4 billion people who are looking at this day in a very important way, because it changes their financial situation..."

Income Tax Budget 2025 Live: Union finance minister Nirmala Sitharaman has arrived at the Parliament after meeting President Droupadi Murmu at Rashtrapati Bhavan. She will present the Union Budget at the House shortly.

Income Tax Budget 2025 Live: Congress leader Sandeep Dikshit says that his party has "no expectations from the budget”.

"They have been presenting it for 10-11 years and have done nothing substantial. We just need to see how many dimensions they brought to give relaxation to their friends, big capitalists... They may try to lure people through some promises as elections are there in Delhi...," Dikshit tells ANI.

Income Tax Budget 2025 Live: Union finance minister Nirmala Sitharaman and MoS Finance Pankaj Chaudhary met President Droupadi Murmu at the Rashtrapati Bhavan. Sitharaman will present the Union Budget 2025 in the Lok Sabha at 11am.

Income Tax Budget 2025 Live: The first budget of the third term of the National Democratic Alliance government, led by Prime Minister Narendra Modi, was presented in July 2024.

The finance minister also announced a slew of tax measures, offering relief to some taxpayers while raising the tax liability for others. The standard deduction was raised from ₹50,000 to ₹75,000.

Income Tax Budget 2025 Live: Budget documents are being taken inside the Parliament, a video shared by PTI shows. Finance minister Nirmala Sitharaman is scheduled to present the budget at 11am in the Lok Sabha.

Income Tax Budget 2025 Live: Ahead of the Nirmala Sitharaman's budget speech, the stock market opened positively. At 9.15am, Sensex was 113 points higher, Nifty was up by 37 points.

Income Tax Budget 2025 Live: Union finance minister Nirmala Sitharaman showed the tablet containing Budget documents before leaving for the Parliament from the finance ministry.

Income Tax Budget 2025 Live: Congress' Lok Sabha Chief Whip K Suresh ahead of Budget presentation in the Parliament tells PTI: "We are not expecting much about the common people, unemployed youths or farmers. This Budget will be focusing on the corporates and upper-class people and multinational companies..."

Income Tax Budget 2025 Live: On budge, Ayodhya resident Dharmendra Verma tells ANI: "The biggest thing is the middle class. We would want a relaxation in tax slabs. We would want more relaxation for middle class so that India's economy and purchasing power further increase...We want something concrete."

Income Tax Budget 2025 Live: Finance minister Nirmala Sitharaman will present the Union Budget for the fiscal year 2025-26 in the Parliament at 11am today.

The Budget speech by Finance Minister Nirmala Sitharaman will be broadcast live from 11:00 am on February 1 and can be watched on the official Union Budget website (indiabudget.gov.in) and Sansad TV.

For real-time updates and expert analysis, readers can also tune in to Hindustan Times coverage.

Income Tax Budget 2025 Live: Finance minister Nirmala Sitharaman has arrived at the ministry of finance. She will present the Union Budget 2025 in the Parliament today at 11am.

Income Tax Budget 2025 Live: Union finance minister Nirmala Sitharaman has left her residence, reports ANI. She will present the Union Budget 2025 at the Parliament today.

Income Tax Budget 2025 Live: Taxpayers, particularly lower middle tax, may likely get relief in Finance Minister Nirmala Sitharaman's budget on Saturday, according to Deloitte India economist Rumki Majumdar.

"Most likely they (should) probably look at the ₹7-10 lakh income slab, which is where they can probably go for more exemptions. That is a possibility," she tells PTI.

Income Tax Budget 2025 Live: With Budget 2025 just hours away, real estate experts are calling for urgent reforms to boost affordable housing and support homeownership for the middle class.

While the luxury housing market continues to thrive, experts stress that the key priority should be expanding the supply of homes in the ₹60 lakh to ₹1 crore price range.

Experts suggest the government reintroduce the Credit Linked Subsidy Scheme (CLSS) under Pradhan Mantri Awas Yojana, increase tax rebates on home loans, and revise income and loan eligibility criteria to improve housing affordability.

Income Tax Budget 2025 Live: The Congress is planning to stage a protest inside the Parliament ahead of the Union Budget presentation over the recent stampede at the Maha Kumbh that has claimed at least 30 lives, people aware of the matter said on Friday.

Income Tax Budget 2025 Live: In anticipation of a pro-growth Budget, the benchmark Sensex jumped 741 points, while Nifty rallied to close above 23,500.

Among the top gainers on the BSE Sensex were L&T, Nestle India and IndusInd Bank. Bajaj Finserv, Bharti Airtel and ITC Hotels recorded losses.

Income Tax Budget 2025 Live: A banker in Mumbai tells ANI: “The most important thing would be some relaxation in the tax slabs for salaried people. It has not happened for years but it should be done...”

Income Tax Budget 2025 Live: Assocham Jammu and Kashmir council chairman Manik Batra says that the public is expecting some tax reliefs in the Budget.

“We are very excited for the Union Budget today. Expectation for every common man is tax reliefs... tax relief on income tax. We are expecting some tax slabs to be increased so that... there can be better exemptions,” Batra tells PTI.

Income Tax Budget 2025 Live: Ahead of the Budget, Oil marketing companies have revised the prices of commercial LPG gas cylinders. The rate of 19 KG commercial LPG gas cylinders has been reduced by ₹7 with effect from today.