From an increase in standard deduction, more income tax rebate, to slab revisions, there are a number of expectations that the taxpayers of the country have from the Union Budget 2025-26. In his Budget 2025 session speech on Friday,

One notable change is the announcement that individuals earning up to Rs 12 lakh will now be fully exempt from paying taxes. This measure is aimed at reducing the tax burden on the middle class and stimulating higher consumer spending.

There will be NO Income Tax payable up to an income of ₹12 lakh, announced Finance Minister Nirmala Sitharaman as she presented Union Budget 2025 in Parliament on Saturday, February 1. This comes as a major relief to the middle class which has often bore the brunt of the higher taxes.

In a big bonanza for salaried taxpayers, Finance Minister Nirmala Sitharaman announced that there will be no income tax to be paid for income levels up to Rs 12 lakh. Income Tax Budget 2025 Live: What are the income tax slabs,