Finance Minister Nirmala Sitharaman described the union budget as ‘by the people, for the people, of the people’. She announced significant changes to income tax slabs, with no tax payable up to an income of 12 lakh rupees. The new tax structure aims to benefit all taxpayers, particularly the middle class, by reducing their tax burden and potentially boosting household consumption, savings, and investment. #nirmalasitharaman #unionbudget2025 #incometax #itworks #taxreform #middleclass #indianeconomy #taxrebate #modigovernment #indiatoday
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