Union Budget 2025: Major Relief for Middle-Class Taxpayers
Zero Income Tax till ₹12 Lakh Income under New Tax Regime
New Delhi, February 1, 2025 – Union Finance Minister Nirmala Sitharaman has announced a significant revision in the Income Tax Slabs under the New Tax Regime, providing a major relief to salaried individuals and middle-class taxpayers.
In her Union Budget 2025 speech, the Finance Minister proposed zero tax liability for incomes up to ₹12 lakh, making it a historic move aimed at boosting disposable income and increasing savings.
New Income Tax Slabs Under the New Regime:
₹0 – ₹4 lakh – No Tax
₹4 – ₹8 lakh – 5% Tax
₹8 – ₹12 lakh – 10% Tax
₹12 – ₹16 lakh – 15% Tax
₹16 – ₹20 lakh – 20% Tax
₹20 – ₹24 lakh – 24% Tax
Above ₹24 lakh – 30% Tax
This revision is expected to benefit millions of taxpayers, reducing their overall tax burden and promoting financial stability. Additionally, the move aims to stimulate consumption and economic growth by putting more money in the hands of citizens.
Government’s Vision for Economic Growth
The Union Budget 2025 focuses on tax simplification, economic expansion, and digital transformation, aligning with India’s growth trajectory. The government aims to strengthen infrastructure, employment, and investment through progressive policies.
This new tax structure is expected to provide a huge relief to the middle class while ensuring fiscal stability for the nation.
