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budget-2025

There will be no tax on taxable income up to Rs 12 lakh and those earning a little more than Rs 12 lakh will get the benefit of marginal relief.

Income up to Rs 12 lakh gets tax-free, but what’s the tax on Rs 12.01 lakh? Here's everything you need to know

FM Sitharaman made annual income up to Rs 12 lakh tax-free and if the standard deduction of Rs 75000 is also included, then a total income of up to Rs 12.75 lakh will be tax-free. 

How Rs 12.75 lakh income be tax-free in the new regime? Calculation decoded

By bringing down their tax liability to nil, FM Sitharaman unveiled the bonanza at a time when they least expected it, however, these changes are applicable only to the New Tax Regime.

Union Budget 2025: No tax up to Rs 12 lakh, Know how it benefits you

From Jairam Ramesh to KC Venugopal, top Congress leaders slammed the Budget and called it a "mundane document with minor tinkering" which will do nothing to revive India’s tottering economy.

Congress targets union budget, calls it poll-related gimmicks

FAQs and their answers are shared by the government, which aim to clear the doubts in the minds of taxpayers.

Union budget: Everything you need to know as government clarifies new income tax slabs

Cheema pointed out that no special package was allocated for Punjab, and no attention was given to agriculture, which is the backbone of the state’s economy

Harpal Singh Cheema slams central government's budget, calls it a display of hatred towards Punjab

Along with making income up to Rs 12 lakh tax-free, the government has retained the Rs 75,000 standard deduction.

Income Tax 2025 explainer: Zero tax on income up to Rs 12 lakh, know how much you can save?

Under the UPA government, the income tax exemption limit was Rs 1 lakh in 2005 and it took the Manmohan Singh government seven years to double this exemption limit to Rs 2 lakh in 2012.

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