In Union Budget for 2025-26 income tax exemption limit has been extended from Rs 7 lakh to Rs 12 lakh, providing significant relief to taxpayers, especially the middle class.
Delhi Police have apprehended a notorious interstate drug trafficker and recovered 23.750 kg of cannabis (ganja) worth approximately Rs 12 lakh from him, said the police.
She stated that Congress Leader Priyanka Gandhi was invited from Delhi to secure promises, including offering Rs 12 lakh instead of Rs 10 lakh to Dalit families under Dalit Bandhu, which she claimed was a deceit. Kavitha also criticized CM Revanth Reddy for mismanaging the state's finances a
Keeping people earning up to Rs 12 lakh annually out of the income tax ambit has triggered a debate that the government has shifted focus to boosting consumption after the two consecutive quarter GDP figures showed tepid growth.
Finance minister Nirmala Sitharaman on Saturday announced zero tax on income of up to Rs 12 lakh. The union government will forego a revenue of Rs 1 lakh cr because of this cut.
Union Budget raising the income tax exemption limit to Rs 12 lakh is expected to give a big boost to the demand of 2-wheelers (2Ws) and passenger vehicles (PVs) according to a report by the global brokerage firm Jefferies.
"In the last ten years, the Modi government has done nothing for the common people except benefiting its billionaire friends. As soon as you people gave them fewer seats in the Lok Sabha, they immediately gave a discount of Rs 12 lakh in the budget. Once you defeat them soundly in the Del
"I welcome the budget presented by Finance Minister Nirmala Sitharaman. I welcome all the proposals, especially the income tax exemption for those earning up to Rs 12 lakh. This is a huge relief to the middle and lower-middle class, and I thank her for this," Sarma said.
Sitharaman, during her Union Budget 2025 speech, announced that no income tax will be payable on income up to Rs 12 lakh, providing significant relief to taxpayers, especially the middle class
Nadda also pointed out the tax exemption from income of up to Rs 12 lakhs, which remained the major highlight for the budget, and thanked Finance Minister Nirmala Sitharaman and Prime Minister Narendra Modi for the same.
"When the Congress was in office, in 2014, if you earned Rs 2.5 lakh (per annum), you had to pay income tax. Now, the figure has gone up to Rs 12 lakh, which is a five times increase. Secondly, if you're earning up to Rs eight lakh, you save Rs 30,000. If you're earning up to Rs 12 lakh,