News

Budget 2026 FAQs: How Sitharamans Budgets changed Income Tax slabs from 2019 to 2025, and what to expect this year

Union Budget 2025 introduced revised income tax slabs under the new regime, exempting income up to Rs 12 lakh. For salaried individuals, this limit extends to Rs 12.75 lakh with standard deduction. The budget also outlined new tax rates for incomes exceeding Rs 12 lakh, aiming for a more progressive system.