Finance Minister Nirmala Sitharaman announced zero tax for individuals earning up to Rs 12 lakh in Budget 2025, with marginal relief for those slightly above. For incomes up to nearly Rs 12.75 lakh, tax liability is minimized through calculated relief,

The Budget proposes revised slabs and rates, which Sitharaman said would reduce the tax burden on the middle class, allowing for greater disposable income

These slabs apply to individuals, Hindu Undivided Families (HUFs), and associations, and are updated periodically to reflect changing economic realities or provide relief to taxpayers.