Finance Minister Nirmala Sitharaman said that the the tax proposal will allow people to have more money in their hands.

We have heard the voice of middle class who had been complaining about their aspirations not being met despite being honest taxpayers', Sitharaman said

Overall, the Budget focuses on providing significant benefits to the middle class by reducing the tax rates and thereby increasing the take home pay for individuals. It is clear that the Budget is aiming to further promote adoption of the new regime.

Budget 2025: Finance Minister Nirmala Sitharaman presented the Union Budget 2025 in Parliament today, marking yet another milestone in her notable tenure. The Budget sets a transformative agenda with six key focus areas: taxation, urban development, mining, financial sector, power, and regulatory reforms.

FM Sitharaman donned a Madhubani silk saree as she presented her eighth budget, highlighting Bihar projects. The opposition clashed over Kumbh deaths but fell silent as she announced zero tax on Rs 12L income.

Nirmala Sitharaman gave the middle class a huge boost when she declared that anyone earning up to Rs 12 lakh would not be subject to taxes.