💨 Abstract

Finance Minister Nirmala Sitharaman announced in the Union Budget 2025 that no income tax will be payable on income up to Rs 12 lakh, offering significant relief to taxpayers, particularly the middle class. However, the exemption can only be availed if a taxpayer utilizes various sections of the income tax act such as the Rs 1.5

Courtesy: theprint.in

Summarized by Einstein Beta 🤖