Budget 2025 Income Tax: No tax up to 12 lakhs .. Good news for middle class ..
Nirmala Sitarman gave good news to the people of the country as part of the budget 2025! Nirmala has announced that there will be no income tax of up to 12 lakhs.
“It gives the country’s economy the strength of the middle class. In the recognition of their efforts, we are constantly reducing tax burden. It is happy to announce that there will no longer be income tax of up to Rs 12 lakh, ”Nirmala Sitarman said.
People of middle class in happiness ..!
Rupee. As soon as Nirmala announced a tax exemption of up to Rs 12 lakh, this topic became a hot topic on social media. Everyone is praising the government.
“Budget 2025- It is like a game changer for middle class people of the country,” one tweeted on X.
New Income Tax Bill ..
Nirmala has announced that a new income tax bill will be introduced next week. He explained that the new Income Tax Bill is trying to simplify the current Income Tax Act and make an understanding for the general public. It is clear that the new income tax bill is trying to reduce the number of pages by 60 %.
Finance Minister Nirmala Sitarman has announced in her July budget that the six decades of Income Tax Act 1961 will be reviewed in six months.