New Delhi, Feb. 1 -- One crore middle-income Indian taxpayers will be out of tax net according to announcements in the Union Budget 2025 presented by Finance Minister Nirmala Sitharaman on Saturday.

"One crore people will pay no tax," the Finance Minister told reporters at a post-Budget press conference. She was answering a query about the number of people who will be out of the tax net with the new proposals.

"It's a very responsive government. And as a result, the income tax simplification, which I announced in July, is already completed in its works, and we shall bring the bill next week. So the income tax simplification, about which in July budget I have gone in detail and the work is completed in six months, Within six months, we h...