💨 Abstract
In the Union Budget 2025, Finance Minister Nirmala Sitharaman announced that one crore middle-income Indian taxpayers will be out of the tax net due to the new proposals, as no income tax will be payable on income up to Rs 12 lakh. The government expects taxpayers to plough their saved money back into the economy.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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