The Union Budget 2025, presented on February 1st, introduces significant changes in tax structures, infrastructure development, and sector-specific reforms. This article explores the budget's implications for various sectors, including real estate, stock markets, personal finance, and income tax, providing a balanced critique of its potential benefits and challenges. What are the key Tax Reforms Introduced in the Union Budget 2025? The Union Budget 2025 has ushered in a series of tax reforms aimed at alleviating the tax burden on individuals and stimulating economic growth. The revised tax slabs under the new regime are as follows: Income up to ₹4 lakh: No tax ₹4 lakh to ₹8 lakh: 5% ₹8 lakh to ₹12 lakh: 10% ₹12 lakh to ₹16 lakh: 15% ₹16 lakh to ₹20 lakh: 20% ₹20 lakh to ₹24 lakh: 25% Above ₹24 lakh: 30% Notably, the government has increased the tax rebate threshold for incomes up to ₹12 lakh (₹12.75 lakh with standard deduction), up from the previous ₹7 lakh. This means indi...
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