Tax Update: How was the decision of no tax on 12 lakh income taken? Nirmala Sitharaman told the whole story..
While presenting the budget for the year, Finance Minister Nirmala Sitharaman gave a big relief to the middle-class employed people. Now individuals earning up to Rs 12 lakh annually will not have to pay any tax.
The big post-budget interview: Nirmala Sitharaman says she wanted to ‘honour the taxpayer’
In an interview to Mint and HT, FM Nirmala Sitharaman explained the philosophy behind the new Income Tax bill, what the government is doing to ensure regulators don’t operate in silos, how the government is trying to diversify export markets and the plan to reach 8% GDP growth.
Budget 2025: PM Modi wanted to do something on tax relief, says Nirmala Sitharaman
Finance Minister Nirmala Sitharaman said that the the tax proposal will allow people to have more money in their hands.
‘PM Modi Was Clear on Tax Relief, Ministry Needed Convincing’: FM Nirmala Sitharaman
In her Union Budget 2025-26 speech, Sitharaman unveiled a significant relief for taxpayers, announcing that those earning up to ₹12 lakh annually would no longer be required to pay income tax.
Why did govt increase income tax rebate from ₹7 lakh to ₹12 lakh? FM Nirmala Sitharaman explains
Nirmala Sitharaman announced an increase in income tax rebate from ₹7 lakh to ₹12 lakh, aimed at reducing tax burdens for ₹1 lakh monthly earners.
Will No Income Tax Up To Rs 12 Lakh Result In Revenue Loss To Centre? What Nirmala Sitharaman Said
In a big relief to the middle class in her record eighth consecutive budget, Finance Minister Nirmala Sitharaman on Saturday exempted annual income of up to Rs 12 lakh from income tax and rejigged tax slabs as part of her reformist Budget.
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