Budget 2025: FM Sitharaman May Raise Tax-Free Income to Rs 10 Lakh, Introduce 25% Slab

Finance Minister Nirmala Sitharaman is expected to deliver significant relief to taxpayers in the upcoming Union Budget 2025-26. Reports suggest the government is considering raising the tax-free income threshold to Rs 10 lakh annually and introducing a new 25% tax slab for incomes between Rs 15-20 lakh. These changes aim to boost disposable income and stimulate consumer spending, particularly benefiting the middle class. The potential reforms could simplify the tax structure while providing much-needed financial relief to salaried individuals facing rising living costs.

Source: Economic Times