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Income Tax Slabs 2025: New Rates & ₹12 Lakh Tax-Free Income Explained”
Income Tax Slabs 2025: Income Tax Relief up to Rs 12 Lakh Under New Tax Regime: A People’s Budget
The Union Budget 2025, presented by Finance Minister Nirmala Sitharaman, has brought significant relief to the middle class by restructuring income tax slabs. In a landmark move, annual income up to Rs 12 lakh is now exempt from income tax under the new tax regime. For salaried individuals, this exemption extends up to Rs 12.75 lakh, factoring in the standard deduction of Rs 75,000. Prime Minister Narendra Modi hailed this as a “people’s budget,” emphasizing its benefits for taxpayers and economic growth.
SHOCKING! No Tax Up to Rs 12 Lakh – Check the New Slabs NOW!
| 🚀 Annual Income (Rs) | 🔥 Tax Rate |
|---|---|
| 💰 Up to 4 lakh | 🟢 Nil |
| 💼 4 lakh – 8 lakh | 🟡 5% |
| 📈 8 lakh – 12 lakh | 🟠 10% |
| 🎯 12 lakh – 16 lakh | 🔴 15% |
| 🔥 16 lakh – 20 lakh | ⚡ 20% |
| 🏆 20 lakh – 24 lakh | 💥 25% |
| 🏅 Above 24 lakh | 🚨 30% |
THIS IS HUGE! How Will It Impact YOU?
This revision is a game-changer for salaried professionals, self-employed individuals, and small business owners. The tax exemption for income up to Rs 12 lakh ensures greater savings and financial security for millions of Indians. With the revised structure, those earning between Rs 12 lakh and Rs 16 lakh will now pay only 15% tax, a substantial reduction compared to previous slabs.
Government’s Vision for Economic Growth
The government aims to boost disposable income, thereby increasing consumer spending and stimulating economic growth. By easing the tax burden, the budget encourages investments in housing, education, and healthcare. Additionally, businesses are expected to benefit from higher consumer demand.
Public and Expert Reactions
Taxpayers across the country have welcomed this move, appreciating the government’s commitment to reducing financial stress on the middle class. Economic analysts see this as a strategic step to enhance India’s economic resilience, particularly in the post-pandemic recovery phase.
Conclusion
The 2025 Budget reflects the government’s focus on people-centric policies. By easing income tax liabilities and rationalizing slabs, it empowers taxpayers while fostering economic progress. With this “people’s budget,” India takes a significant step toward financial inclusivity and growth.
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