Budget 2025 and you: How it impacts your money next financial year

Finance Minister Nirmala Sitharaman presented the Union Budget 2025 today, unveiling a series of key reforms that will enthuse taxpayers, simplify taxation, boost foreign investment and enhance financial inclusion. Among the major highlights were major tax revisions that include nil tax for incomes up to Rs 12 lakh, a new Income Tax Bill set to be introduced next week, rationalised TDS/TCS limits and expanded benefits for homeowners.