India’s Union Budget 2025 Declares Tax Relief for Middle-Class Families

INIndia|

India's Finance Minister Nirmala Sitharaman recently presented the Union Budget for 2025, which has been hailed by Prime Minister Narendra Modi as a significant win for middle-class families. According to the budget announcement, individuals earning up to ₹12 lakh (approximately $14,500) will not be liable for income tax, a move aimed at providing financial relief amid rising living costs.

In addition to tax exemptions, the budget outlines investments in infrastructure and various social programs, which officials claim will boost economic growth and create jobs. Prime Minister Modi emphasized the government's commitment to fostering an inclusive economy that supports all citizens. The budget has sparked discussions among political leaders, with some opposition figures, such as Samajwadi Party's Akhilesh Yadav, expressing concerns over fiscal priorities and the potential impact on public services.

The budget proposal has received mixed reactions, with many in the middle class praising the tax benefits, while critics call for a more balanced approach that addresses inequality and public sector needs.

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