new tax
New Tax Relief for Middle Class: ₹1 Lakh Income Now Tax-Free — What FM Just Announced
Anthony Lane
The new tax relief announced in the 2025 Union Budget exempts incomes up to ₹12 lakh (₹12.75 lakh for salaried individuals) from tax, significantly boosting disposable income. Designed to empower the middle class, this reform aims to stimulate consumption, savings, and investment while maintaining a progressive tax structure for higher incomes. With detailed steps for calculating tax liabilities and expert insights, this comprehensive guide offers actionable advice for both professionals and everyday taxpayers.
