Union Budget 2025: Key Tax Amendments, Slab Revisions & Business Impact

# Technical Bulletin: Union Budget 2025 Analysis This advisory bulletin outlines key amendments made by the Union Budget 2025 impacting individual taxpayers, startups, and MSME corporations. ## Key Direct Tax Changes: 1. **Standard Deduction**: Increased to **₹75,000** for salaried taxpayers under the New Tax Regime (Section 115BAC). 2. **Tax Slabs under 115BAC**: - 0 to ₹3,00,000 : Nil - ₹3,00,001 to ₹7,00,000 : 5% (Sec 87A rebate ensures zero tax up to ₹7 Lakhs taxable income / ₹7.75 Lakhs gross) - ₹7,00,001 to ₹10,00,000 : 10% - ₹10,00,001 to ₹12,00,000 : 15% - ₹12,00,001 to ₹15,00,000 : 20% - Above ₹15,00,000 : 30% 3. **Corporate Tax for Foreign Companies**: Reduced from 40% to 35% to boost FDI.