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

By bringing down their tax liability to nil, FM Sitharaman unveiled the bonanza at a time when they least expected it, however, these changes are applicable only to the New Tax Regime.

Union Budget 2025: No tax up to Rs 12 lakh, Know how it benefits you

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

FM announced that broadband connectivity will be provided in all government secondary schools, a move that will bring the students at par with their private counterparts and also open new vistas of opportunities for them.

FM Sitharaman unveils social security for gig workers & internet access in government schools

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

The Finance Minister said that the National Manufacturing Mission would support clean tech, and build an ecosystem for solar cells, EV batteries, and high voltage transmission equipment manufacturing at the local level.

FM Nirmala Sitharaman announces national manufacturing mission to boost 'Make in India'

Presenting her eighth consecutive budget and the NDA government's second full Union Budget of its third term, the Finance Minister said the Budget focuses on spurring agricultural growth, empowering farmers, supporting MSMEs and ensuring innovation.

FM Sitharaman says, ‘India on track to become viksit Bharat as world's fastest growing economy…’

As Sitharaman began her Budget 2025 Live presentation, the opposition-led by Akhilesh Yadav started chanting slogans against the Finance Minister. 

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