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Budget 2025: 'No Tax Till 12 Lakhs', How Income Tax Exemptions Have Changed Over Years? A Timeline
Posted
February 1, 2025
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3:03Now PlayingFinance Minister Nirmala Sitharaman announced a significant tax rejig during Union Budget 2025. With no tax on income up to ₹12 lakh under the new regime. Tax exemptions have steadily increased over the years, from ₹1 lakh in 2005 to ₹12 lakh in 2025, offering relief to taxpayers amidst inflation and economic growth.
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