‘No Income Tax Up to ₹12 Lakh’: Major Relief for Middle-Class Salaried Individuals in Budget 2025
In a significant move aimed at easing the financial burden on the middle class, Finance Minister Nirmala Sitharaman announced in her Union Budget 2025-26 speech that individuals earning up to ₹12 lakh annually will not have to pay income tax. This declaration has sparked widespread enthusiasm among salaried taxpayers, with many taking to social media to express their joy over what is being hailed as a “big relief.”
Social Media Reactions
The announcement quickly gained traction online, with users sharing their excitement. One post on X called it a “game-changer for the middle class,” while another simply stated, “This is a big relief.” Some celebrated with clapping emojis, and others were pleasantly surprised, writing, “Wow, not something I expected.” Memes also flooded the internet, humorously depicting the reactions of taxpayers following the news.
Key Highlights for Salaried Individuals
Nirmala Sitharaman clarified that for salaried taxpayers, the exemption limit would effectively be ₹12.75 lakh due to the standard deduction of ₹75,000. She further emphasized that tax slabs and rates were being revised across the board to ensure benefits for all taxpayers. “The new structure will significantly reduce the tax burden on the middle class, leaving them with more disposable income,” she stated.
The official Press Information Bureau (PIB) also highlighted this major change, reaffirming the government’s commitment to comprehensive tax reforms.
Broader Economic Focus
In her opening remarks, the finance minister outlined the government’s priorities for Budget 2025, focusing on ten key sectors, including agriculture, manufacturing, employment generation, MSMEs, rural development, and innovation. She emphasized that the budget aims to introduce transformative reforms to drive economic growth and uplift various sectors.
With these announcements, Budget 2025 is being seen as a pivotal moment for middle-class taxpayers, potentially reshaping financial planning and household savings. What are your thoughts on these changes?
