On March 25, 2025, Finance Minister Nirmala Sitharaman stated that the Finance Bill 2025 introduces significant tax relief while maintaining a realistic 13.14% growth projection in personal income tax collection, backed by solid data.
During her response to discussions in the Lok Sabha, she emphasized that the customs duty rationalization outlined in the Budget will bolster manufacturing, enhance domestic value addition, promote exports, streamline trade, and provide relief to the public.