Budget 2025 Expectations Highlights: Income tax slabs, rates to be revised under new tax regime? FM Sitharaman may push consumption growth, record capex

Budget 2025 expectations LIVE updates: Finance Minister Nirmala Sitharaman’s second full Union Budget for the Modi 3.0 government is being looked at to provide the much needed economic growth impetus to the world’s fastest growing major economy. Recent GDP data suggests that India’s economic growth has slowed to a several quarter low and Budget 2025 is expected to play a pivotal role in reviving the growth prospects of the Indian economy. Experts are of the view that some income tax relief in the form of income tax slabs and rates being revised under the new income tax regime is possible to boost consumption growth and also cheer the middle class, common man and salaried taxpayers. Some personal tax experts also believe that standard deduction under the new income tax regime may be hiked further.With fiscal deficit and fiscal consolidation in mind, the Union Budget 2025 is unlikely to see major bump ups in allocations for various ministries. However, a record capital expenditure push for infrastructure sectors such as roadways, highways and Indian Railways is widely anticipated. Track TOI’s Budget 2025 expectations live coverage to know all that you can look forward to from FM Nirmala Sitharaman’s Union Budget 2025 speech: