Brief by Shorts91 Newsdesk / 05:12pm on 02 Feb 2025,Sunday India
Finance Minister Nirmala Sitharaman said Prime Minister Narendra Modi was clear about the need for tax relief in the Union Budget 2025. She explained that it took time to convince bureaucrats, who were focused on ensuring revenue generation. Sitharaman highlighted the government's efforts to simplify direct taxes and reduce the compliance burden for taxpayers. The new tax regime provides relief for salaried individuals, with those earning up to ₹12 lakh being exempt from income tax. Sitharaman emphasized that the Budget reflected the concerns of the middle class and aimed to serve all sections of society.
