Budget Blockbuster: Sitharaman Gifts Tax Exemption to 1 Crore Additional Indians

Finance Minister Nirmala Sitharaman's Union Budget 2025-26 brings a significant windfall for Indian taxpayers. By raising the income tax rebate threshold to ₹12 lakh under Section 87A, an additional one crore people will now pay zero income tax. This move aims to put more money in the hands of the middle class, potentially stimulating consumption and economic growth. The new tax structure offers relief across income groups, with those earning up to ₹12 lakh annually benefiting the most. Sitharaman emphasized that this decision responds to the voice of the people and aligns with the government's goal of easing the tax burden on citizens.
Source: The Hans India