The 2025 Union Budget has ushered in a transformative shift for India’s middle class by exempting annual incomes up to ₹12 lakh from income tax under the new regime. This policy change is expected to leave an additional ₹1 lakh crore in the hands of approximately 25–30 million taxpayers.

The 2025 Union Budget has ushered in a transformative shift for India’s middle class by exempting annual incomes up to ₹12 lakh from income tax under the new regime. This policy change is expected to leave an additional ₹1 lakh crore in the hands of approximately 25–30 million taxpayers.

ByCascade Headway

Financial planning with tax benefits