Union Budget 2025, Feb. 1 -- Union Finance Minister Nirmala Sitharaman, in a major Budget announcement, said that there will be no income tax till income up to Rs.12 lakh.

Personal Income- tax Reforms with special focus on middle class 156. Democracy, Demography and Demand are the key support pillars in our journey towards Viksit Bharat. The middle class provides strength for India's growth. This Government under the leadership of Prime Minister Modi has always believed in the admirable energy and ability of the middle class in nation building. In recognition of their contribution, we have periodically reduced their tax burden. Right after 2014, the 'Nil tax' slab was raised to ' 2.5 lakh, which was further raised to ' 5 lakh in 2019 and...