New Delhi, 27th Dec.The Indian government is reportedly planning to introduce personal income tax relief for individuals earning up to ₹15 lakh annually. This anticipated measure, aimed at reducing financial stress and boosting consumer spending, is expected to be announced in the upcoming Budget 2025.
If implemented, the move could offer significant financial relief to middle-class taxpayers, who often bear the brunt of rising living costs. The initiative is also seen as a strategy to stimulate economic growth by enhancing disposable income and encouraging consumption.
The news has sparked mixed reactions on social media. While many welcome the prospect of lower taxes, others remain skeptical about its likelihood and overall impact on the economy.
As anticipation builds ahead of the budget announcement, this potential tax relief could mark a pivotal step in addressing the financial concerns of India’s middle class while fostering broader economic momentum.
