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Budget 2025: Bonanza For Middle Class, No Income Tax Upto 12 LPA; Sitharaman Announces, Sansad Lauds
Posted
February 1, 2025
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February 1, 2025
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4:46Now PlayingFinance Minister Nirmala Sitharaman’s Budget 2025 delivers a game-changing relief for the middle class, announcing no income tax for earnings up to ₹12 lakh. The new tax regime features progressive slabs with taxes starting from 5% for ₹4-8 LPA, and a maximum of 30% above ₹24 LPA. Along with a ₹75,000 standard deduction, these changes aim to boost savings, household consumption, and investment, with extended return filing limits.
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