In the Union Budget 2025, Finance Minister Nirmala Sitharaman introduced major tax relief for India’s middle class. Notable reforms include a revamped tax regime that exempts income up to Rs 12 lakh from taxes,

The Union Budget 2025 brought a groundbreaking announcement—income up to Rs 12.75 lakh will now be tax-free under the new tax regime. This major tax relief has sparked widespread reactions, with Shaadi.

This comes after the government said that people earning up to 1.28 million rupees ($14,800) per year will not have to pay any taxes, raising its threshold from 700,000 rupees. It also cut tax rates for people earning above the new threshold.

Reducing withholding taxes on senior citizens and allowing taxpayers to claim the annual value of 2 self-occupied properties without conditions are other measures reflecting the desire to boost consumption.

India plans to cut personal income tax rates to boost middle-class spending power, Finance Minister Nirmala Sitharaman said on Saturday, as she announced an annual budget that also sought to increase private investment to strengthen growth.

The finance minister announced steps to tackle slowing growth, rising prices and low middle-class consumption.

Indian Prime Minister Narendra Modi faces the challenges of reviving growth and giving relief to a middle class hit by rising living costs, while also preparing for an uncertain year of global trade,