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

Under the UPA government, the income tax exemption limit was Rs 1 lakh in 2005 and it took the Manmohan Singh government seven years to double this exemption limit to Rs 2 lakh in 2012.

Modi govt increases tax exemption limit, moving away from UPA's small reliefs

The new tax slabs aim to provide relief to individuals earning up to Rs 12 lakh annually and the exemption limit is Rs 12.75 lakh for salaried individuals.

Budget 2025-26: Comparing old and new tax regimes for the middle class

Zero tax upto Rs 12 lakh income announcement helped the Modi Government to endorse the Budget 2025 as middle-class-friendly. 

Budget 2025-26: 13 key announcements that will provide relief to Middle Class in India

FM proposed revised tariff rates to reduce the number to 8,  to allocate ₹1.5 lakh crore in interest-free loans to the state for infrastructure, and 36 life-saving drugs to be fully expected from customs duties. 


Union budget 2025, what are the Key benefits to the middle class

Presenting the Union Budget 2025-26, FM Sitharaman said that the tax deduction at source (TDS) rates will be rationalised and the limit for tax deduction for senior citizens will be doubled to Rs 1 lakh.

Tax relief for middle class: No income tax on earnings up to Rs 12 lakh

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

Based on last year’s railway allocation data, Delhi received the lowest funding among all states and Union Territories, with ₹2,582 crore

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