'Ye jo hawa chali hui hai…': Entrepreneur decodes income tax relief up to ₹12 lakh in Budget 2025

Nirmala Sitharaman announced an overhaul of the income tax system, raising the exemption limit to ₹12 lakh. No tax will be levied on earnings below ₹4 lakh, with updated tax slabs ranging from 5% to 30% for higher incomes.