Wed Jan 29 22:01:38 IST 2025: ## Sitharaman to Unveil Union Budget 2025 Amidst High Expectations for Income Tax Reforms
**New Delhi, January 31, 2025** – Finance Minister Nirmala Sitharaman will present the Union Budget 2025-26 this Saturday, February 1st, at 11 am in Parliament. This marks her eighth consecutive budget presentation, and anticipation is high for significant income tax reforms.
Taxpayers and experts alike are eagerly awaiting potential changes to the new tax regime, including adjustments to income tax slabs. There is also widespread hope for enhanced benefits under the existing old regime, alongside increases in various exemptions and deductions. Key expectations include the introduction of voluntary NPS contribution deductions within the new regime and increased deductions for health and life insurance premiums, as well as home loan interest. The upcoming budget is expected to address many concerns of the common taxpayer.
First Piper 