Budget Highlights | New Income Tax Slabs 2025: Big relief for middle class, no income tax on income up to Rs 12 lakh

LIVE BLOG

• 01 Feb 2025, 12:19 PM

  Big relief for middle class

  #UnionBudget2025 | "The middle class provide strengths to the economy. In recognition of their contribution, we have periodically reduced the tax burdens. I am now happy to announce that there will be no income tax up to an income of Rs 12 lakhs."says Finance Minister Nirmala… pic.twitter.com/9IVCnhEUb1

  — ANI (@ANI) February 1, 2025

  
• 01 Feb 2025, 11:32 AM

  Union Budget 2025 Today LIVE Updates: FM Nirmala Sitharaman on MSMEs

  Budget 2025 LIVE: FM Sitharaman says, 'For a classification of all MSMEs, the investment and turnover restrictions will be increased to 2.5 and 2 times, respectively. This will provide them with the self-assurance to develop and create jobs for our young people.'

  
• 01 Feb 2025, 11:03 AM

  FM Nirmala Sitharaman presents Union Budget 2025

  Union Finance Minister Nirmala Sitharaman presents #UnionBudget2025 pic.twitter.com/GRJNA1NNqG

  — ANI (@ANI) February 1, 2025

  
• 01 Feb 2025, 08:57 AM

  What did the Economic Survey predict?

  Economic Survey tabled in Parliament on Friday projected India's economy to grow between 6.3 per cent and 6.8 per cent in the next financial year 2025-26.

  The survey, tabled a day before the union budget, highlights that the country's economic fundamentals remain strong, supported by a stable external account, fiscal consolidation, and private consumption.

  
• 01 Feb 2025, 07:12 AM

  What did PM Modi say on tax relief for middle class?

    

  "I pray that Goddess Lakshmi showers blessings on the poor and middle class. India has completed 75 years as a democracy and has made a mark on the global stage. This is the first full Budget of my third term, and I can confidently say that by 2047, when India completes 100 years of Independence, we will achieve our goal of Viksit Bharat (Developed India). This Budget will give new energy and hope to the nation," he said.