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Budget 2025: No Income Tax Payable Up To Rs 12 Lakh Income

Budget 2025

Union Finance Minister Nirmala Sitharaman presented her 8th consecutive budget on Saturday. The major highlight of the budget is people with incomes of up to Rs 12 lakh will not have to pay income tax, the Finance Minister announced, as she also proposed rejigging the tax slabs under the new income tax regime.

โ€œThe new structure will substantially reduce the taxes of the middle class and leave more money in their hands, boosting household consumption, savings and investment,โ€ FM Nirmala Sitharaman said in her Budget address.

Also Read:Karnataka Health Department Implements Right-To-Die Policy Under SC Order

Under the new income tax regime, there will be nil tax for income up to Rs 4 lakh, 5 per cent for income between Rs 4 and 8 lakh, 10 per cent for Rs 8-12 lakh, and 15 per cent for Rs 12-16 lakh.

A 20 per cent income tax will be levied on income between Rs 16 and 20 lakh, 25 per cent on Rs 20-24 lakh and 30 per cent above Rs 24 lakh per annum of income.

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Karnataka Health Department Implements Right-To-Die Policy Under SC Order

Tejal Verma

Implementing the Supreme Courtโ€™s 2023 ruling of right to die with dignity for ill patients, The Karnataka Health Department has implemented the apex courtโ€™s order. This policy only applies to those who have no chance of recovery and are on life support.

This process will be held only if the patientโ€™s family agrees and requests the court to do so.

The court will approve and decide each case, following the rules. The rules have a two-step medical review process.

First, the primary board of three doctors will assess the patientโ€™s condition. Secondly, the secondary board, with three doctors and one government-appointed doctor, will review the reports and send them to the court for the permission.

Karnataka Health Minister Dinesh Gundu Rao wrote on X, โ€œThis will immensely benefit those who are terminally ill with no hope of recovery or are in a persistent vegetative state, and where the patient no longer benefits from life-sustaining treatment. We have also come out with an Advance Medical Directive (AMD), or a living will, in which a patient can record their wishes for their medical treatment in the future. This important step will bring great relief and a dignified sense of closure to many families and individuals.โ€

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