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Middle class rejoices as Union Budget exempts income tax for earnings up to Rs 12 lakh - OrissaPOST

Summary by Orissa POST
New Delhi: In a historic move, Finance Minister Nirmala Sitharaman presented her 8th consecutive Union Budget Saturday, with a focus on driving growth through four key sectors: Agriculture, MSMEs, Investment, and Exports. In a major relief for taxpayers, Sitharaman announced that individuals earning up to Rs 12 lakh annually will no longer have to pay income tax under the new regime. The middle class has hailed the decision as a step forward for…
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