News Today With Rajdeep Sardesai: Middle Class Tax Relief In Budget 2024 Sparks Debate | India Today

Finance Minister Nirmala Sitharaman announced major income tax relief for the middle class in Budget 2025, with no tax payable on annual income up to ₹12 lakh under the new regime. The government hailed it as a pro-middle class budget, while opposition leaders like P. Chidambaram criticized it for ignoring the poor and not doing enough to spur growth. The Union Budget 2025 offers significant income tax relief to the middle class, raising the tax-free limit to Rs 12.75 lakh per annum. However, critics argue it fails to address core economic issues like job creation, rural development and investment in health and education. The government claims the tax breaks will boost consumption and growth, while opposition parties say it's insufficient given broader economic challenges.

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Видео News Today With Rajdeep Sardesai: Middle Class Tax Relief In Budget 2024 Sparks Debate | India Today канала India Today