GUWAHATI: Finance Minister Nirmala Sitharaman is set to present the Union Budget 2025 in Parliament at 11 AM on Saturday, February 1, marking her eighth consecutive budget presentation and the second full budget of the Modi government’s third term.
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The government is expected to focus on promoting compliance and simplifying tax administration. One of the key areas of interest remains the structure of India’s taxation system, with ongoing discussions about the potential merger of the old and new tax regimes. Whether the government opts for integration or chooses to maintain the two systems separately will influence taxpayers and shape future policy.
Tax experts have advised individuals to carefully analyse their options under both regimes in light of their income levels, deduction claims, and long-term financial goals.
