01-Feb-2025
2 mins read
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Union Budget 2025 is finally released. FM Nirmala Sitharaman has made big announcements and provided big relief to the middle class. In Budget 2025, FM announced that there will be Nil Income Tax upto Income of Rs 12 Lakh. The standard deduction also increased to Rs 75,000. This zero income tax on upto 12 Lakh is applied when you don’t have any additional capital gain tax.
If your total Income is up to Rs 12,00,000, you won’t have to pay any income tax. However, if part of this Income comes from capital gains, that portion will not be exempt from tax and will be taxed separately.
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Union Budget 2025 For Middle Class: Income Tax Slabs
Union Budget 2025, tried to give big relief to the middle class and salaried people. The Tax Slabs on New Tax Regime are discussed below.
Zero to Rs 4,00,000— No Tax
Rs 4,00,000 to Rs 8,00,000---5%
Rs 8,00,0001 to Rs 12,00,000---10%
Rs 12,00,001 to Rs 16 lakh ---15%
Rs 16,00,001 to Rs 20 lakh ---20%
Rs 20,00,001 to Rs 24 lakh -- 25%
Above Rs 24 lakh---30%
Union Budget 2025: Relief For Middle Class
Yes, Union Budget 2025, provides big relief to the middle class and salaried people. Moreover, FM has made many other announcements that will boost the economy as well.
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.
Conclusion
In short we can say, in Union Budget 2025, FM said, No income tax on annual Income of up to Rs 12 lakh in the new tax regime. However, for salaried class people no income tax on Income of up to Rs 12,75,000.
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