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Cheer for the middle class as FM announces new tax reforms; benefits for incomes up to 12 LPA

YourStory LogoYourStory12h ago

Cheer for the middle class as FM announces new tax reforms; benefits for incomes up to 12 LPA - YourStory

Quick Summary:

Finance Minister Nirmala Sitharaman announced in the Union Budget 2025-26 that persona; annual income up to Rs 12 lakh per annum would be exempt from taxes.

This comes at a time when India’s consumption has been slowing and inflation is rising.

The government expects to forego a revenue of about Rs 1 lakh crore in direct taxes after the proposals.


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Article Details

Author / Journalist: Parvathi Benu

Category: StartupsEconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-01 @ 08:25:48 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 580 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 25690992

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About YourStory

YourStory Logo

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 17 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #44

Publisher Details

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The story "Cheer for the middle class as FM announces new tax reforms; benefits for incomes up to 12 LPA" was covered 12 hours ago by YourStory, a news publisher based in India.

How trustworthy is 'YourStory' news outlet?

YourStory is a fully independent (privately-owned) news outlet established in 2008 that covers mostly startups, economy, and business news.

The outlet is headquartered in India and publishes an average of 17 news stories per day.

It's most recent story was published 8 hours ago.

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  • News ID: #25690992
  • URL: https://chronographically.beamstart.com/news/cheer-for-the-middle-class-17383990134962

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