02/02/2025
In the 2025-26 Union Budget, India's Finance Minister Nirmala Sitharaman announced significant tax reforms to boost the middle-class spending power. The income tax exemption limit has been raised to ₹12 lakh, with revised tax slabs reducing the maximum rate of 30% to incomes above ₹24 lakh. Additionally, the Section 87A rebate has been increased to ₹60,000, further reducing tax liabilities. These measures aim to enhance disposable income and stimulate economic growth. The budget also emphasises educational initiatives, including increased funding for schools and higher education institutions, to foster a more skilled workforce.
Get updated with the latest India budget news 2025-26, Zero tax up to ₹12 lakhs, new tax slabs, and enhanced Section 87A rebate. Significant tax savings, increased disposable income, and key educational initiatives. Get the latest budget news in India, India new budget updates, and today's India b...