The Union Budget 2025 brings significant relief for middle-class taxpayers, with Finance Minister Nirmala Sitharaman announcing that annual incomes up to ₹12 lakh will now be tax-free under the new tax regime. This move aims to boost disposable income, spur consumption, and drive economic growth.
New Tax Slabs (2025)
- ₹0 – ₹4 lakh – Nil
- ₹4 – ₹8 lakh – 5%
- ₹8 – ₹12 lakh – 10%
- ₹12 – ₹16 lakh – 15%
- ₹16 – ₹20 lakh – 20%
- ₹20 – ₹24 lakh – 25%
- Above ₹24 lakh – 30%
This restructuring is expected to reduce financial pressure on salaried individuals and enhance overall economic activity.
