Budget 2025: Middle Class Wins Big in 2025 Budget with Tax Cuts | ABP NEWS

The 2025 budget has brought significant relief for the middle class, exceeding expectations. Finance Minister Nirmala Sitharaman announced substantial tax benefits, making the new tax regime more favorable compared to the old one. For those with an income of ₹25 lakh, there is a tax saving of ₹10,000, and for those earning ₹7,000 or more under the new system, the tax burden has significantly decreased. Unlike the old tax regime, which required various investment avenues for tax exemptions, the new regime directly puts money in the pocket of taxpayers without requiring additional expenses or investments, allowing for increased consumption. This shift is expected to boost market demand and consumption, which has been sluggish. The new tax slabs benefit a wide range of people, especially the middle class, with income up to ₹12.75 lakh annually. While upper-middle-class individuals may not receive the same relief, the tax relief for the middle class is a significant move to support economic growth.