BUDGET 2025: No Income Tax Till ₹12 Lakh Income Under New Income Tax Regime | Nirmala Sitharaman
Автор: CNBC-TV18
Загружено: 2025-01-31
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No income tax payable up to 12 lakh under new income tax regime, says Finance Minister Nirmala Sitharaman.
Finance Minister Nirmala Sitharaman today presented the Union Budget 2025-26, making history as the only finance minister to deliver eight consecutive budget speeches. The Budget, which comes as Prime Minister Narendra Modi’s government began its third term, is being closely watched for its measures to address economic slowdown and fiscal challenges.
In a move aimed at formalising the gig economy, Sitharaman announced that the government will provide identity cards and registration for gig workers. The initiative is expected to enhance social security and streamline benefits for the country’s growing freelance and contractual workforce.
The finance minister unveiled a new scheme to position India as a global hub for toy manufacturing. The initiative will focus on cluster development, skill-building, and improving the manufacturing ecosystem to promote high-quality, innovative, and sustainable Indian-made toys.
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