In a major relief for taxpayers, Finance Minister Nirmala Sitharaman announced that individuals earning up to ₹12 lakh annually will now be exempt from paying income tax.
This unprecedented move aims to boost disposable income, drive consumption, and provide financial relief to the middle class.
The government also introduced revised tax slabs and additional deductions to further ease the tax burden.
This landmark decision is expected to have a significant impact on salaried employees, small business owners, and self-employed professionals, reshaping India's tax landscape.
#Budget2025 #UnionBudget2025 #IncomeTax2025 #Budget2025Live #BudgetForFarmers #BudgetForWomen #BudgetImpact #RailwayBudget2025 #StockMarketBudget #NirmalaSitharaman #BudgetNews #GoldPricesBudget #SalariedEmployeesBudget #TaxChanges2025 #EconomicGrowth Also Read Union Budget 2025: Full List Of What's Costlier, What's Cheaper :: https://www.oneindia.com/business/union-budget-2025-full-list-of-whats-costlier-whats-cheaper-4059353.html?ref=DMDesc Budget 2025: India To Create 5 Indigenous Small Nuclear Reactors By 2033 :: https://www.oneindia.com/business/budget-2025-india-to-create-5-indigenous-small-nuclear-reactors-by-2033-4059347.html?ref=DMDesc Income Tax Slabs Budget 2025: No Tax For Individuals Earning Up To Rs 12 Lakh :: https://www.oneindia.com/india/income-tax-slabs-budget-2025-no-income-tax-till-12-lakhs-4059337.html?ref=DMDesc ~HT.97~PR.152~ED.102~GR.125~
