Brief by Shorts91 Newsdesk / 06:47am on 01 Feb 2025,Saturday India
Finance Minister Nirmala Sitharaman presented the Union Budget 2025, revealing major tax relief for the middle class. She announced that no income tax would be levied on earnings up to ₹12 lakh. Sitharaman, who is presenting her record eighth consecutive budget, also outlined a focus on agriculture, MSMEs, and simplifying the tax system. She promised a new income tax bill next week that will be clearer and simpler for taxpayers. The budget also includes provisions to reduce compliance burdens and boost employment and investment opportunities in India.
