Income Tax Budget 2025 LIVE: Huge relief for salaried employees

| 1 Feb 2025 5:48 PM IST

Income tax Budget 2025 LIVE: Finance Minister Nirmala Sitharaman presented Union Budget 2025-26 on Saturday, February 1, and declared that under the new tax system, those earning up to ₹12 lakh would not be obliged to pay taxes. For incomes up to ₹12 lakh ( ₹12.75 lakh for salaried taxpayers with a basic deduction of ₹75,000), the new tax regime gives zero per cent income tax.

The government has established new tax slabs to significantly lower middle-class taxes and give them more money, increasing household consumption, savings, and investment.

Earlier today, FM Sitharaman stated in her annual budget speech that the new tax structure will increase disposable incomes and boost household consumption, savings, and investment.

Tags: Income Tax Budget 2025 LIVEsalaried employeesFM Sitharaman

Categories: National

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