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Business News/ Economy / Budget 2025 Expectations Highlights: Taxpayers hope for income tax relief to boost money in hand, consumer demand
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Budget 2025 Expectations Highlights: Taxpayers hope for income tax relief to boost money in hand, consumer demand

Budget 2025 Expectations Highlights: Taxpayers and India Inc. alike are hoping for income tax relief from Finance Minister Nirmala Sitharaman in Union Budget 2025 to boost money in hand and improve consumer demand, respectively.

Budget 2025 Expectations Highlights: Taxpayers and India Inc. alike are hoping for income tax relief from Finance Minister Nirmala Sitharaman. (PTI Photo / Manvender Vashist Lav)Premium
Budget 2025 Expectations Highlights: Taxpayers and India Inc. alike are hoping for income tax relief from Finance Minister Nirmala Sitharaman. (PTI Photo / Manvender Vashist Lav)

Budget 2025 Expectations Highlights: Indian taxpayers, especially the middle class and corporate India alike are seeking tax reforms such as revised income tax slabs, lower GST rates, regulatory updates, Drand anticipating various capex allocation announcements in Finance Minister Nirmala Sitharaman's eighth Budget speech on February 1, 2025. Taxpayers are keenly watching for some relief for the middleclass amid the current economic situation.

The first part of the Parliament's Budget session is confirmed to begin from January 31 till February 13, 2025. And the second part of the session will commence on March 10 and conclude on April 4, 2025.

Budget 2025 date and time

Sitharaman will present the Union Budget 2025 in Parliament on February 1, 2025. Her speech will start at 11 am in the Lok Sabha.

The Union budget will be broadcast on the official channels of the Parliament, Doordarshan, and Sansad TV. It will also be streamed on the government's official YouTube channels.

Sitharaman’s Union Budget 2025 speech can be watched live on Livemint.com. And all the latest updates about the Budget 2025, can be tracked on livemint.com Budget live blog.

Finance Minister Nirmala Sitharaman's Eighth Union Budget Speech

From ordinary taxpayers to tech, healthcare, insurance, and finance sectors, in Sitharaman's eighth Budget speech, expectations are high for significant announcements aimed at reviving the economy, the job market, and boosting consumer sentiments.

This will be Sitharaman's second full-fledged Budget in Modi 3.0, and her overall her eighth budget presentation in Parliament. She has presented six annual and two interim budgets under the NDA government's consecutive terms in power at the Centre.

While there has been official statement from the Finance Ministry yet, as per convention over the past years, the finance minister is expected to give her Budget speech in Parliament at 11 am on February 1, 2025. Further, as per official circulars, the BSE and NSE will remain open on February 1, 2025, despite it being a Saturday due to the Union Budget 2025-26.

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