India offers middle-class tax relief to support growth; targets narrower budget gap
India plans to cut personal income tax rates to boost middle-class spending power, Finance Minister Nirmala Sitharaman said on Saturday, as she announced an annual budget that also sought to increase private investment to strengthen growth.
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Budget 2025 Key Highlights: FM Nirmala Sitharaman's gift to middle class, ‘No Income tax for upto ₹12 lakh…’
FM Nirmala Sitharaman's announcement on February 1 brings a gift for the Indian middle class with no tax payable up to ₹12 lakh income. This move from the government's plans to cater to the nation's middle class,
Budget 2025: Significant Tax Cuts and Reforms to Empower Middle Class and Boost Economy | ABP NEWS
The recent Indian Union Budget presented by Finance Minister Nirmala Sitharaman brings significant tax relief to the middle class. Under the new tax regime, individuals with income up to ₹12 lakh will not have to pay any income tax.
INDIA BUDGET-India's Tax Cut Plans Will Boost Consumption, Top Execs Say
This comes after the government said that people earning up to 1.28 million rupees ($14,800) per year will not have to pay any taxes, raising its threshold from 700,000 rupees. It also cut tax rates for people earning above the new threshold.
Takeaways from India’s budget that slashes income tax on the salaried middle class to spur growth
Indian Prime Minister Narendra Modi’s government has presented an annual budget that focuses on wooing the salaried middle class with tax cuts and spurring economic growth by boosting agriculture and manufacturing.
Tax relief for Indian middle class - but will it boost economy?
The finance minister announced steps to tackle slowing growth, rising prices and low middle-class consumption.
India's Modi to seek to boost growth, ease cost of living in budget
Indian Prime Minister Narendra Modi faces the challenges of reviving growth and giving relief to a middle class hit by rising living costs, while also preparing for an uncertain year of global trade,
Reactions to India's 2025-26 budget
India plans to cut personal income tax rates to boost middle-class spending power and seeks to increase private investment to ...
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The budget introduces several significant changes for India’s elderly: doubling the TDS threshold and tax deduction limit on ...
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FM’s Tax Gift: Will Budget 2025 Fuel India’s Consumer Economy?
The Budget 2025 is being seen as an important step to revive the slackening urban consumption in India and thereby help ...
Union Budget 2025: Fly in to heal... fly abroad more, it's taxman's treat
Indians will have more funds for overseas travel due to the hike in TCS exemption limit on foreign remittances to Rs 10 lakh ...
How much income tax will you save in the new regime post Budget 2025? Here’s the math
From zero tax on income of up to ₹12 lakh to cutting the income tax rates proposed in the new tax regime, Budget 2025 came as a much needed relief for the India’s middle class.
Budget 2025 Highlights: PM Modi hails ‘people’s budget’ as FM Sitharaman announces NO INCOME TAX on annual income of up to 12 Lakh
Highlights: Union Finance Minister Nirmala Sitharaman on Saturday announced significant income tax cuts for the middle class ...
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India budget 2025-2026 focuses on stability, savings, and investment
India’s Union Budget for 2025-2026 stands out as a strategic blueprint aimed at building on incremental gains while ...
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Income Tax Slabs 2025 LIVE Updates: India Inc welcomes the new income tax bill, relaxation in TCS, TDS regulations
Finance Minister Nirmala Sitharaman is set to present the Union Budget 2025 today. Experts expect potential reforms, from tax ...