New Delhi, Feb. 2 -- Tax experts, industry observers, and banking leaders have lauded the Union Budget 2025-26 for its focus on economic growth, tax relief, and innovation across sectors.

Announced by Finance Minister Nirmala Sitharaman on Saturday, the budget includes tax rebates, such as a complete income tax exemption for individuals earning up to Rs 12 lakh annually.

For salaried taxpayers, this threshold increases to Rs 12.75 lakh, factoring in a Rs 75,000 standard deduction.

Sameer Gupta, National Tax Leader, EY India, commended the budget's focus on economic progress. "The enhanced tax rebates will ensure more disposable income, stimulating consumption and fueling economic activity," he said.

Gupta also emphasized that the push...