No income tax until ₹12 lakh: Social media goes on celebration mode, memes galore after Budget 2025
- There will be no income tax for individuals earning up to ₹12 lakh, as announced by Union Finance Minister Nirmala Sitharaman during the Union Budget 2025 presentation.
- The revised tax slabs include a 10% tax on income between ₹8 lakh and ₹12 lakh, and a 15% tax on income between ₹12 lakh and ₹16 lakh.
- Approximately 8.75 crore taxpayers will benefit from the new tax slabs, which aim to reduce the tax burden on the middle class.
- The tax cuts are projected to leave ₹1 lakh crore in the hands of taxpayers, potentially boosting household consumption and savings.
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21 Articles
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Total News Sources21
Leaning Left2Leaning Right2Center1Last UpdatedBias Distribution40% Left, 40% Right
Bias Distribution
- 40% of the sources lean Left, 40% of the sources lean Right
40% Right
L 40%
C 20%
R 40%
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