The Union Budget 2025, presented by Finance Minister Nirmala Sitharaman, outlines transformative reforms aimed at boosting India’s economic growth. A key highlight is the significant income tax relief, with the rebate threshold raised from ₹7 lakh to ₹12 lakh, benefiting the middle class. The highest tax rate of 30% now applies only to incomes above ₹24 lakh. Despite these tax cuts, fiscal discipline is maintained with a targeted fiscal deficit of 4.4% for FY26.

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