No Income Tax For Those Earning Up To Rs 12 Lakh: FM Nirmala Sitharaman's Mega Budget Relief

Budget 2025: The income tax exemption limit in 2005 was Rs 1 lakh, which was brought up to Rs 2 lakh in 2012. In 2014, the exemption limit was raised to Rs 2.5 lakh, to Rs 5 lakh in 2019, to Rs 7 lakh in 2023 and now to Rs 12 lakh in 2025