Govt may introduce new income tax bill in Budget session

Budget 2025 Expectations: Latest News Today (January 18): Amid slowing economic growth and rising global uncertainties in Asia's third-largest economy, Finance Minister Nirmala Sitharaman will present the Union Budget 2025 on February 1 next month. The most important aspect of the budget will be any announcements concerning the income tax rebate. There is a growing debate about increasing the basic exemption limit in both the old and new tax regimes. Will Sitharaman provide any good news to individual taxpayers to help offset the inflationary woes? Stay with us for the latest news on the Union Budget 2025: