Indian Prime Minister Narendra Modi’s government has presented an annual budget that focuses on wooing the salaried middle class with tax cuts and spurring economic growth by boosting agriculture and

Finance Minister Nirmala Sitharaman surprises with Union Budget offering no income tax for earnings up to Rs 12 lakh, and tax exemptions for up to Rs 12.75 lakh with standard deductions. Social media reacts with memes highlighting the budget as a major relief for the middle class,

Union Finance Minister Nirmala Sitharaman announced new tax slab rates under the new tax regime during her Budget 2025 speech, thus benefitting taxpayers across the board. Till now, rebate under section 8&A is offered for taxpayers earning upto ₹7 lakh.