Opinion: Modi’s ‘Middle-Class Budget’ — Why Govt Took Rs 1 Lakh Crore Revenue Hit For Tax Bonanza

The tax tweaks announced in Union Budget 2025 on Saturday will leave more money in the hands of taxpayers. Representational image.

Source : PTI

Union Finance Minister Nirmala Seetharaman brought smiles to crores of middle-class taxpayers on Saturday as she announced big changes in income tax slabs and rates, providing huge relief to them. Individuals earning up to Rs 12 lakh will now have zero income tax liability, up from Rs 7 lakh earlier, in the new tax regime. The tweaks will leave more money in the hands of taxpayers and provide a fillip to consumption, investment and growth.  Prime Minister Narendra Modi — in his