- विज्ञापन -
New Delhi: Union Home Minister Amit Shah praised Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman for what he described as a ‘comprehensive’ and ‘visionary’ budget presented today. He emphasized the government’s decision to exempt income tax for incomes up to Rs 12 lakh, noting that the middle class is a priority for Modi.
Shah referred to the 2025 budget as a blueprint for the Modi government’s ambition to create a developed and prosperous India across all sectors. He stated that the budget addresses various demographics, including farmers, the poor, the middle class, and focuses on areas like women’s education, nutrition, health, start-ups, innovation, and investment.
In a separate post on X, Shah reiterated that the middle class is always in Modi’s thoughts. He expressed that the proposed tax exemption will significantly enhance the financial well-being of the middle class and congratulated all beneficiaries.
During her budget speech, Finance Minister Sitharaman announced that no income tax would be levied on incomes up to Rs 12 lakh, offering substantial relief to taxpayers, particularly the middle class. For salaried individuals, this limit increases to Rs 12.75 lakh, factoring in a standard deduction of Rs 75,000. She highlighted that the new tax regime would be simpler and aimed at benefiting the middle class, though taxpayers must still qualify for various exemptions under the Income Tax Act, such as the Rs 1.5 lakh exemption under section 80CCC and for home loan interest.
Sitharaman stated, “Tax rebates are being provided for normal income up to Rs 12 lakh, ensuring no tax is payable beyond the slab rate reductions.” Her announcement was met with enthusiastic applause from the treasury benches, led by PM Modi.
Following the budget presentation, the Lok Sabha was adjourned and will reconvene on February 3 at 11 a.m.
