Budget 2025 Live: New Income Tax Slabs Revealed – How Much Will You Save?The Union Budget for 2025 has been unveiled, bringing significant updates to India’s taxation system. One of the most anticipated announcements in this year’s budget is the revision of income tax slabs, a move that could impact millions of taxpayers across different income brackets. The government’s decision to restructure the tax slabs aims to provide relief to middle-class citizens, encourage savings, and stimulate economic growth. As citizens across the country analyze the changes, the biggest question on everyone’s mind is: How much will you save under the new tax regime?A Closer Look at the New Income Tax SlabsWith the latest revisions, taxpayers must assess how the new slabs compare to the previous tax structure. The government often revises tax brackets to adjust for inflation, provide relief to specific income groups, or promote particular economic activities. In this year’s budget, finance experts and analysts expected potential reductions in tax rates and an increase in the exemption limit, allowing individuals to retain a higher portion of their earnings.The newly introduced tax slabs are structured to accommodate various income groups, ensuring a fair distribution of tax burdens. Individuals earning below a certain threshold may benefit from complete tax exemptions, while those in higher brackets might experience changes in surcharge rates or deductions. These modifications aim to strike a balance between revenue generation for the government and financial relief for taxpayers.How Much Can You Save?The extent of savings depends on multiple factors, including an individual’s annual income, the exemptions available, and whether they choose to opt for the new tax regime or remain in the old one. Generally, taxpayers earning within lower and middle-income brackets stand to benefit the most, as these groups often receive the highest
