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India Budget 2025: No Income Tax Up to ₹12 Lakh, Big Relief for Middle Class

Daily mails news

2 Feb, 2025

New Delhi: In a major relief for the middle class, Finance Minister Nirmala Sitharaman announced that individuals earning up to ₹12 lakh per year will not have to pay any income tax. This announcement was made during the presentation of India’s Union Budget 2025-26.

Highlights of the Announcement

Income tax exemption limit raised to ₹12 lakh from the previous ₹7 lakh under the new tax regime.

More disposable income for salaried individuals and small business owners.

Encouragement for spending and investment, boosting economic growth.

Budget Announcements

✅ Boost for MSMEs: New incentives and loan schemes for small businesses.

✅ Agriculture sector support: Increased subsidies and financial aid for farmers.

✅ Infrastructure development: More investment in roads, railways, and smart cities.

Reactions

Economic analysts believe that this tax relief will increase disposable income, drive consumption, and strengthen India’s economy. The move is expected to benefit millions of middle-class families, reducing their financial burden.

How does this budget impact you? Share your thoughts in the comments!

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