CTC To In Hand Salary Budget 2025 The Union Budget for the fiscal year 2025-2026, presented by Finance Minister Nirmala Sitharaman on February 1, 2025, introduces several key measures aimed at stimulating economic growth, supporting the middle class, and promoting various sectors. Income Tax Reforms: Increased Tax Exemption Limit: The income tax exemption threshold has been raised to ₹12 lakh, meaning individuals earning up to this amount are not liable to pay income tax. Source indiabudget.gov.in Revised Tax Slabs: For incomes above ₹12 lakh, the new tax rates are structured as follows: ₹12 lakh to ₹16 lakh: 10% ₹16 lakh to ₹20 lakh: 15% ₹20 lakh to ₹24 lakh: 20% Above ₹24 lakh: 25% This restructuring aims to reduce the tax burden on the middle class and increase disposable income. Source indiabudget.gov.in Agricultural Initiatives: Prime Minister Dhan-Dhaanya Krishi Yojana: A new scheme introduced to enhance agricultural productivity and support farmer...
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