'Tried to complicate': Raghav Chadha on Sitharaman's tax relief counter in Parliament
Friday, 14 February 2025 MP Raghav Chadha countered finance minister Nirmala Sitharaman's claim on the new tax relief in the Union Budget, clarifying that it is a rebate, not an exemption or deduction. Chadha emphasized that individuals earning above Rs 12 lakh will be taxed on their entire income as per the set slabs.
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In a major relief for taxpayers, Finance Minister Nirmala Sitharaman announced that individuals earning up to ₹12 lakh annually will now be exempt from paying income tax. This unprecedented move aims to boost disposable income, drive consumption, and provide financial relief to the middle class. The government also introduced revised tax slabs and additional deductions to further ease the tax burden. This landmark decision is expected to have a significant impact on salaried employees, small business owners, and self-employed professionals, reshaping India's tax landscape.
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Finance Minister Nirmala Sitharaman concluded the Union Budget 2025 speech with a major announcement on income tax relief, offering significant benefits to middle-class taxpayers. The budget places a..
As the Budget 2025 approaches, all eyes are on Finance Minister Nirmala Sitharaman’s potential income tax relief for salaried taxpayers. Will there be changes to tax slabs or new exemptions for NPS?..
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Friday, 14 February 2025
![Hungary LGTQ Ban: Parliament Votes To Ban Pride Events As Opposition Ignites Smoke Bombs In Protest [Video]](https://video.newsserve.net/300/v/20250319/1405581702-Hungary-LGTQ-Ban-Parliament-Votes-To-Ban-Pride.jpg)
![Starmer arrives at Parliament ahead of PMQs [Video]](https://video.newsserve.net/300/v/20250319/1405547902-Starmer-arrives-at-Parliament-ahead-of-PMQs.jpg)
![Union Budget 2025 Personal Tax Bonanza: No Income Tax For Those Earning Up to ₹12 Lakh [Video]](https://video.newsserve.net/300/v/20250201/1400439768-Union-Budget-2025-Personal-Tax-Bonanza-No-Income.jpg)
![Union Budget 2025: FM Ends Budget Speech With Big Income Tax Relief, Youth And Nari The Key Focus [Video]](https://video.newsserve.net/300/v/20250201/1400440846-Union-Budget-2025-FM-Ends-Budget-Speech-With.jpg)
![Budget 2025 Income Tax Expectations: Changes in income tax slabs, exemptions for NPS? [Video]](https://video.newsserve.net/300/v/20250128/1400091158-Budget-2025-Income-Tax-Expectations-Changes-in-income.jpg)
