Budget 2025 Expectations Highlights: Income tax relief, record capex for highways, Indian Railways coming? All eyes on FM Sitharaman's speech

Budget 2025 Expectations Live: Finance Minister Nirmala Sitharaman is all set to present her record eighth Union Budget on February 1, 2025. The Narendra Modi government introduced the new income tax regime a few years ago and since then several modifications in income tax rates and income tax slabs have come about. All eyes are on FM Sitharaman’s Budget 2025 for further tweaking in the new income tax regime, whether in the form of lower income tax rates for income brackets up to Rs 20 lakh or increase in standard deduction limit.There are expectations that the Modi government will likely announce record capital expenditure for infrastructure sectors, especially highways and Indian Railways to spur economic growth.The upcoming Budget presentation comes at a time when GDP growth has reached its lowest point across multiple quarters. The Modi government is anticipated to prioritise economic revitalisation, potentially through enhanced capital expenditure or reduced taxation to encourage consumer spending. The comprehensive Budget coverage by TOI will monitor expectations across various sectors, economic implications, and income tax-related developments. Track the live updates: