From zero tax on income of up to ₹12 lakh to cutting the income tax rates proposed in the new tax regime, Budget 2025 came as a much needed relief for the India’s middle class.
The sweeping reform represents the biggest overhaul of personal income tax slabs in recent years, increasing the zero-tax threshold from the current ₹7 lakh.
A few weeks before Donald Trump was sworn in as president, members of his transition team went to the Treasury Department to talk about the handover of power.