Budget 2025 LIVE: Big Announcement On Income Tax | Nirmala Sitharaman Speech LIVE |Union Budget Live

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A new income tax bill – a direct tax code meant to simplify compliance for individual taxpayers – will be introduced next week, Finance Minister Nirmala Sitharaman said as she presented the Union Budget 2025.

The new code should make it easier to calculate taxes and file returns. Among other expectations is the government will scrap the concept of financial year (FY) vis-a-vis accounting year (AY)
Budget 2025: Finance minister Nirmala Sitharaman on Saturday will present her record eighth consecutive Union Budget. The salaried class will be expecting a major relief in income tax rates/slabs to ease the burden of inflation

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