Economic Impact Relief 2025 Update. The 2025 budget introduces major direct and indirect tax reforms, offering relief to the middle class with zero tax on income up to ₹12 lakh and revised tds thresholds. Union finance minister nirmala sitharaman presented the first full budget of modi government 3.0.

The nil tax slab threshold has been. Sitharaman announced that there will be no income tax payable for.