Bumper Relief for Middle Class - No Income Tax Up to ₹12 Lakh!

Bumper Relief for Middle Class - No Income Tax Up to ₹12 Lakh!

The 2025 Union Budget has provided substantial benefits to the middle class, particularly through new income tax provisions. Individuals with salaried income up to ₹12 lakh will receive a full exemption under Section 87A, resulting in savings of approximately ₹80,000. This increase in disposable income is expected to boost spending and savings, strengthening the economy. The new tax slabs include 15% for incomes between ₹12 lakh and ₹16 lakh, 20% for ₹16 lakh to ₹20 lakh, 25% for ₹20 lakh to ₹24 lakh, and 30% for incomes above ₹24 lakh. Additionally, non-salaried individuals will have a 0% tax rate for incomes up to ₹4 lakh.
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