No income tax until ₹12 lakh: Social media goes on celebration mode, memes galore after Budget 2025
- There will be no income tax for individuals earning up to ₹12 lakh, as announced by Union Finance Minister Nirmala Sitharaman during the Union Budget 2025 presentation.
- The revised tax slabs include a 10% tax on income between ₹8 lakh and ₹12 lakh, and a 15% tax on income between ₹12 lakh and ₹16 lakh.
- Approximately 8.75 crore taxpayers will benefit from the new tax slabs, which aim to reduce the tax burden on the middle class.
- The tax cuts are projected to leave ₹1 lakh crore in the hands of taxpayers, potentially boosting household consumption and savings.
Insights by Ground AI
Does this summary seem wrong?
Coverage Details
Total News Sources0
Leaning Left2Leaning Right2Center1Last UpdatedBias Distribution40% Left, 40% Right
Bias Distribution
- 40% of the sources lean Left, 40% of the sources lean Right
40% Right
L 40%
C 20%
R 40%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
