Budget 2025: New Income Tax Slabs Offer Major Relief For Middle Class

Finance Minister Nirmala Sitharaman introduced refreshed income tax slabs in Budget 2025. Key changes include no tax on income up to Rs 12 lakh and a standard deduction for salaried individuals. New tax slabs range from 0% to 30%. For example, a Rs 12 lakh income sees an Rs 80,000 tax benefit. The government continues its support for the middle class.