FM Sitharaman made annual income up to Rs 12 lakh tax-free and if the standard deduction of Rs 75000 is also included, then a total income of up to Rs 12.75 lakh will be tax-free. 

How Rs 12.75 lakh income be tax-free in the new regime? Calculation decoded

Finance Minister Nirmala Sitharaman announced that there will be no income tax up to Rs 12 lakh. Sitharaman also announced new tax slabs stating that new income tax bill will be introduced in the upcoming days

Budget 2025 Live: No income tax till Rs 12 lakh, FM Sitharaman announces new tax slabs for 'middle class' relief

Amid the NEET scandal & rage over Agniveer schemes, the Union Government tried to pacify the youths by announcing five schemes for youths and making several announcements to boost employment

Budget 2024 Breakdown in 10 points: What the Youths Got & how Centre is looking to solve jobs problem?

In India, the income tax department imposes taxes on individual taxpayers based on a slab system

Budget 2023 Expectation: How a change in Income Tax Slabs can bolster India's dream of US$5 trillion economy

Announcing it she said, "We propose to bring a personal income tax regime, where income tax rates will be reduced, so now, person earning between Rs 5-7.5 lakhs will be required to pay tax at 10% against current 20%.

Budget 2020: Income tax rates reduced to 10% from 20% for person earning between Rs 5-7.5 lakhs

Finance Minister Nirmala Sitharaman started her Budget speech by thanking PM Modi and said we commit ourselves to present the people of India with all humility and dedication. People have reposed faith in our economic policy.

Budget 2020: Education sector gets Rs 99300 crore. Finance Minister announces IND-SAT exam to provide scholarship to Asian, African students to study in India