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Sunday, Feb 2, 2025

Why did government increase income tax exemption from ₹7 lakh to ₹12 lakh? FM Nirmala Sitharaman explains

Nirmala Sitharaman announced an increase in income tax rebate from 7 lakh to 12 lakh, aimed at reducing tax burdens for 1 lakh monthly earners. 
Union Finance Minister Nirmala Sitharaman during an interview with PTI, in New Delhi, Sunday, Feb. 2, 2025.
Union Finance Minister Nirmala Sitharaman during an interview with PTI, in New Delhi, Sunday, Feb. 2, 2025.

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News india news Why did government increase income tax exemption from ₹7 lakh to ₹12 lakh? FM Nirmala Sitharaman explains