Budget 2025: Budget Offers Big Tax Breaks for Middle Class, Says Jyotiraditya Scindia | ABP NEWS

The recent budget offers substantial tax relief to the middle class, with exemptions up to 12 lakh rupees and income tax reductions for high earners, ranging from 40% to 25%. This is a forward-thinking budget aimed at accelerating India's growth and positioning the country as a global leader by 2047. By providing tax relief, the government encourages the middle class to invest in skills development, adopt technologies like AI, and contribute to the entrepreneurial ecosystem. With increased disposable income, the middle class will drive consumption, boosting demand in goods, services, education, and healthcare, thereby stimulating the economy. This unprecedented tax relief, which has not been seen since the Income Tax Act of 1961, empowers the middle class to take on a pivotal role in India’s economic transformation, making them key drivers of the nation's future development. Meanwhile, Jyotiraditya Scindia recently spoke to the media about the government's budget, highlighting the significant relief provided to the middle class.