Union Budget 2025: Income Tax Exemption Up to ₹12 Lakh Announced

1000084727 Union Budget 2025: Income Tax Exemption Up to ₹12 Lakh Announced

The Union Budget 2025 has introduced a major tax relief for middle-class earners. Individuals earning up to ₹12 lakh per year are now exempt from paying income tax. This move is expected to boost consumer spending and drive economic growth.

₹12 Lakh Income Tax Exemption: A Big Relief

The new exemption removes the tax burden on individuals earning up to ₹12 lakh annually. This benefits salaried professionals, freelancers, and small business owners. More disposable income will lead to increased savings and investments.

Economic Growth Through Higher Spending

With more money in hand, people are likely to spend more. Industries like retail, real estate, and automobiles will see higher demand. This increase in spending can create jobs and strengthen the economy.

A Step Toward Financial Inclusion

The government aims to simplify the tax system and make it more inclusive. A transparent and fair tax structure encourages compliance. These reforms reflect a strong commitment to economic stability and growth.This budget marks a new era of financial ease. The long-term benefits will shape India’s economic future positively.

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