Union Budget 2025: No Income Tax up to the Income of Rs.12,00,000
In the Union Budget for the fiscal year 2025-26, presented on February 1, 2025, Finance Minister Nirmala Sitharaman announced a significant reform in personal income tax to bolster middle-class spending and stimulate economic growth. The government has raised the non-taxable income threshold to ₹12,00,000 per annum, providing substantial relief to taxpayers. Revised Income Tax Structure … Read more