As the Union Budget 2025 nears, many are asking if the old tax regime will be discontinued. This change could have a big impact on taxpayers who rely on its deductions and exemptions. Finance Minister Nirmala Sitharaman is set to present the Budget, and India’s tax system might see some major changes. While the government …
Finance Minister Nirmala Sitharaman delivered her seventh consecutive Union Budget 2024-25 on July 23rd, 2024 during the Budget session of parliament. This milestone makes her the first finance minister to present seven consecutive Budget speeches, breaking former Prime Minister Morarji Desai’s record of six consecutive budgets between 1959-64. Nirmala Sitharaman announced an increased standard deduction …
