New Delhi:
Union Budget 2025: Modi government has presented the second budget of its third term. In this budget, special attention has been taken to middle class, elderly, farmers, youth, employed people and women. On this, Finance Minister Nirmala Sitharaman has given an interview to Lokjanta on Sunday. In his interview, he told that Prime Minister Narendra Modi gave him special advice for the budget 2025.
Finance Minister Nirmala Sitharaman said, “India’s fundamental is fine today and PM Modi kept giving us guidance in advance for this. He kept advising us to strengthen fundamental. He also included a aspect that the middle class which is our There are tax pair, we have to do something for them, but the question was what to do on this.
The Finance Minister said that he had asked to take care of the middle class from the beginning. When asked that there has always been a greater focus on the poor in the budget and the middle of what was being done in it, but this time they have also been focused on. Responding to this, Nirmala Sitharaman said, “PM Modi brought the faceless for the identity of the tax payers since 2020-21, brought income tax charter, along with the certificate of tax payers on time Sent to those who have been sent to the tax payments and identity have always been sent to those who have been sent to tax. Under the perspective of the World Bank, we will be fastened next year and in this context we can work for honor of tax pair, we have taken care of this guidance ”.
Tax has been given on annual income up to Rs 12 lakh in budget
According to Budget 2025, the government will provide exemption to people with annual income up to Rs 12 lakh. This limit will be Rs 12.75 lakh for salaried persons, including a standard deduction of Rs 75,000. There is a table showing the budget exemption, which starts from Rs 10,000 for income of Rs 8 lakh and shows a discount of up to Rs 80,000 for income of Rs 12 lakh.