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“ I propose to revise tax rate structures as follows: 0 to ₹4 Lakhs - nil, ₹4 Lakhs to ₹8 Lakhs - 5%, ₹8 Lakhs to ₹12 Lakhs - 10%, ₹12 Lakhs to ₹16 Lakhs - 15%, ₹16 Lakhs to ₹20 Lakhs - 20%, ₹20 Lakhs to ₹24 Lakhs - 25% and above ₹24 Lakhs - 30%. To taxpayers up to ₹12 Lakhs of normal income other than special rate income such as capital gains, a tax rebate is being provided in addition to the benefit due to slab rate reduction in such a manner that there is no tax payable by them,
Nirmala Sitharaman
Nirmala Sitharaman, 2 years
New income tax slabs released in Budget | Check full details

Budget 2025 session of parliament begins today, FM Nirmala Sitharaman to table Economic Survey

2 yearsEconomic Survey

Statements by Nirmala Sitharaman

“ Elon Musk, citing IMF data, says, ‘Wow, is this true?’
Nirmala Sitharaman
Nirmala Sitharaman, 7 months
India to overtake US in GDP growth in 2026? Elon Musk issues big…
“ Recognising the need to enable critical infrastructure and boost investment in data centres, I propose to provide tax holiday till 2047 to any foreign company that provides cloud services to customers…
Nirmala Sitharaman
Nirmala Sitharaman, 7 months
Budget 2026: Tax Holiday Announced For Global Cloud Firms Using Indian…
“ This three-fold approach requires supportive ecosystem,
Nirmala Sitharaman
Nirmala Sitharaman, 7 months
‘3 kartavya’: Nirmala Sitharaman lays out theme of Union Budget 2026

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