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Tax relief: A boon for middle-class families
Financial Express Ahmedabad
|February 02, 2025
Sitharaman's Union Budget 2025-26 is a significant step towards enhancing the financial well-being and quality of life for millions of middle-class families.
FINANCE MINISTER NIRMALA It was widely anticipated to stimulate economic growth and provide much-needed relief to the middle class, and the finance minister has certainly delivered on that front with measures aimed directly at boosting household consumption. The absence of any negative measures is also a big positive this year.
The significant tax relief measures, particularly making income up to ₹12 lakh tax-free, will provide essential financial respite to middle-class families, increasing their disposable income, encouraging spending, and promoting overall economic growth. This focus on the middle class addresses a long-standing demand and is a positive step towards a more inclusive and robust economy. The amendment that permits taxpayers to claim the annual value of two self-occupied properties as nil, exempting them from notional rental income tax, is another welcome move.
This story is from the February 02, 2025 edition of Financial Express Ahmedabad.
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