Budget 2025 Shocker: Zero Tax on ₹12 Lakh Income Comes with a Twist!

In a game-changing announcement, the Union Budget 2025 has significantly increased the income tax exemption limit to Rs 12 lakh, sparking widespread praise from industry leaders. Radhika Gupta, MD & CEO of Edelweiss Mutual Fund, hailed the decision as a "bold, not incremental move" that addresses immediate economic needs. This tax relief is expected to inject Rs 1 trillion into household savings annually, stimulating consumption and investment. The move aligns with the government's vision of "Viksit Bharat," promising to accelerate India's economic growth by empowering the middle class.

Source: Financial Express