Overall, the Budget focuses on providing significant benefits to the middle class by reducing the tax rates and thereby increasing the take home pay for individuals. It is clear that the Budget is aiming to further promote adoption of the new regime.

Finance Minister Nirmala Sitharaman will present her record eighth consecutive Budget at 11 am today, as India awaits measures to revive sluggish economic growth. All eyes are on potential income tax cuts or tweaks to ease the burden on the middle class,

LIVE: In a big relief to middle class, finance minister Nirmala Sitharaman announced that no income tax will be levied up to ₹12 lakh under the new tax regime.

All eyes are on Finance Minister Nirmala Sitharaman as she tackles the tough challenge of balancing middle-class relief, growth, and fiscal discipline.