India News: Discover the extensive New Income Tax Bill expected to be presented in Parliament, introducing the Income Tax Act with over pages of detailed reforms.

New Income Tax bill to be introduced in Parliament tomorrow

India’s Union Budget 2025 does not include provisions for climate financing, sparking concerns over the country’s commitment to addressing climate change and environmental sustainability in the face of growing challenges.

Budget 2025: Climate financing not added in Union Budget

Union Budget 2025 is here, and one of the biggest announcements is the income tax exemption for individuals earning up to Rs 12 lakh. This year's budget also brings a focus on boosting sectors like technology and agriculture. We bring you the first reactions from business owners and the public as they weigh in on the new fiscal policies.

First Reactions To Budget 2025: Income Tax Relief Up To 12 Lakh & Economic Focus | WION Vibe Check

The new tax regime, introduced in Budget 2020 and revised in Budget 2023, provides lower tax rates but removes most exemptions and deductions.

Union Budget 2025: Key differences between new and old tax slabs

We cut through the noise and dive straight into India’s budget. We give you the key highlights, expert reactions, the hits & the misses to decode what the budget means for your money. So, let’s get started!

Budget 2025: Key Highlights, Expert Analysis & The Hits & Misses Decoded

Indian Finance Minister Nirmala Sitharaman presented India's Union Budget for 2025-26 on Feb 1st. These are the major highlights you cannot miss. Watch in for more details!

Budget 2025 boosts India's AI ambitions

Indian Finance Minister Nirmala Sitharaman today (Saturday, Feb 1) presented the Union Budget for 2025-26, a day after unveiling the Economic Survey. Watch in for more details!

India union budget 2025 highlights: Boost to medical tourism, entry of gig workers in PMJAY

World: The Ministry of External Affairs (MEA) allocated Rs 5,483 crores in aid to foreign nations, which majorly covers allocations for neighbouring and strategic countries. 

Union Budget 2025: India hikes foreign aid to Maldives, but THIS country tops the chart

India News: Finance Minister Nirmala Sitharaman unveils an initiative aiming to position India as a global toy hub by enhancing cluster development, announced on February 1.

Union Budget 2025: FM Sitharaman announces scheme to make India ‘global hub for toys’

India news: Prime Minister Narendra Modi on Saturday (Feb 1) hailed the Union Budget 2025 as a crucial milestone in India's development journey, emphasising its focus on fulfilling the aspirations of 1.4 billion Indians.

Opposition's rejection, Modi's applause: Union Budget 2025 evokes mixed reactions

India News: Rahul Gandhi criticised the Union government's budget, labelling it as insufficient for addressing major issues, and termed it a "band-aid for bullet wounds."

‘Band-aid for bullet wounds’: Rahul Gandhi criticises Centre over Union Budget 2025

India News | Business & Economy: Finance Minister Nirmala Sitharaman's latest budget rationalises TDS, offering relief through tax exemptions and increased deduction limits for interest income and rent.

Indian Union Budget 2025-26: Key TDS changes announced this year

India News Business & Economy: Finance Minister Nirmala Sitharaman proposes redefining undisclosed income to include virtual digital assets, aiming to tighten cryptocurrency regulations in India.

Union Budget 2025: FM Sitharaman proposes to include crypto assets in assessing undisclosed income

India news | Business & Economy: Over the last decade, the number of medical colleges has doubled from 387 in 2013-14 to 780 in 2024-25, marking a 102 per cent increase. During the same period, there was also a substantial rise in MBBS seats.

Union Budget 2025: Govt to set up daycare cancer centres in all district hospitals

Union Budget 2025: 36 life-saving medicines fully exempted from custom duty | WION detailed coverage

India News: Prime Minister Modi praises the Union Budget 2025 as pivotal for India's development journey and growth, highlighting its role in meeting the dreams of 1.4 billion citizens.

‘Force multiplier’ for India’s growth: PM Modi applauds Union Budget 2025

Prime Minister Narendra Modi on Saturday (Feb 1) hailed the Union Budget 2025 as a crucial milestone in India's development journey, emphasising its focus on fulfilling the aspirations of 1.4 billion Indians. Watch in for more details!

'People's Budget': PM Modi hails budget, says it will boost savings, consumption

India News | Business & Economy: Six more lifesaving medicines will be added to the concessional duty list, attracting a reduced customs duty of 5 per cent. Besides, 37 more medicines and 13 new patient assistance programmes will be fully exempt.

Union Budget 2025: 36 life saving drugs, medicines fully exempted from custom duty

India News | Business & Economy | The FM recalled that three AI centres for agriculture, health, and sustainable cities were announced in 2023 and said this new centre will strengthen AI-driven advancements in education. 

India Budget 2025: FM Sitharaman announces AI centre for education, allocates $ 57.6mn

Union Finance Minister Nirmala Sitharaman says, "The FDI limit for the Insurance Sector will be raised from 74 to 100 per cent. This enhanced limit will be available for those companies which invest the entire premium in India. The current guardrails and conditionalities associated with foreign investment will be reviewed and simplified." Watch in for more details!

Budget 2025: Foreign direct investment in insurance hiked 74% to 100% | WION detailed coverage

Discover the upcoming centralised KYC registry, set to revolutionise the customer verification process, as announced by Finance Minister Nirmala Sitharaman.

Union Budget 2025: FM Sitharaman announces revamped central KYC registry

Under the new tax regime, the government has introduced significant changes to benefit taxpayers, especially the middle class. One of the key highlights is the introduction of a "nil tax" slab for income up to ₹12 lakh, meaning individuals with income up to this threshold will pay no income tax. For salaried taxpayers, this limit increases to ₹12.75 lakh due to a standard deduction of ₹75,000.

The revised slabs and rates aim to substantially reduce the tax burden for the middle class, leaving more money in their hands to encourage increased household consumption, savings, and investment. These changes are designed to provide substantial relief to taxpayers and support economic growth.

The government has proposed several changes to rationalise the Tax Deduction at Source (TDS) and Tax Collection at Source (TCS) provisions. The limit for tax deduction on interest income for senior citizens will be doubled from ₹50,000 to ₹1 lakh, providing them with greater tax relief.

Additionally, the annual limit for TDS on rent payments will be increased from ₹2.40 lakh to ₹6 lakh, easing the tax burden for individuals making rent payments.

Budget 2025: Annual Limit Of ₹ 2.4 Lakh For TDS On Rent Raised To ₹ 6 Lakh | WION Detailed Coverage

Sitharaman is presenting her record eighth consecutive Budget on Saturday (Feb 1). The Budget speech is expected to provide a comprehensive overview of the government's fiscal policies, revenue and expenditure proposals, and taxation reforms, along with other important announcements. Finance Minister Nirmala Sitharaman says, "The fiscal deficit is estimated to be 4.4% of the GDP..." Watch in for more details!

Union Budget 2025-26: Fiscal deficit projected at 4.4% of GDP | WION detailed coverage

India news, business, economy: The finance minister in her July Budget had earlier announced a thorough overhaul of the Income Tax Act, 1961

Union Budget 2025: FM Sitharaman to introduce new income tax bill next week

union-budget

Union Budget, News on Union Budget, stories on Union Budget, articles on Union Budget, Union Budget stories at Wion, Union Budget news, Union Budget latest news