Prime Minister Narendra Modi lauds the Union Budget 2025 as a significant milestone for the middle class. Finance Minister Nirmala Sitharaman echoes this sentiment, highlighting tax cuts aimed at the average household.

The government is trying to boost domestic demand among its vast middle class as food inflation dents disposable income.

Finance Minister Nirmala Sitharaman announced no income tax payable up to Rs 12 lakh under the new regime, offering significant relief to the middle class. The new tax slabs include 5% on Rs 4-8 lakh,

As Nirmala Sitharaman presents her eighth consecutive budget, the salaried class will be expecting some relief in income tax rates.