💨 Abstract

Finance Minister Nirmala Sitharaman presented the Union Budget 2025, aiming to reshape the economy and strengthen its foundation. The budget focuses on serving taxpayers, introducing a clear and simple income tax Bill, and empowering the middle class through progressive tax reforms. Key changes include complete income tax exemption for annual income up to Rs 12 Lakh, standardized tax slabs, and simplification of tax declarations.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖