Budget Highlights 2025 Income Tax. Tax exemption up to ₹12.75 lakh (including ₹75,000 standard deduction). According to the budget memorandum, to enhance the limit of total income for rebate in clauses (a) and (b) of the first proviso under.
As per the government of india, the goal of this budget is to help the middle class, encourage business growth, and strengthen underlying business sectors. No income tax for incomes up to ₹12 lakh annually under the new regime.