The Economic Times

30% tax slab should start at Rs 30 lakh income in Budget 2026 giving middle class taxpayers a relief against inflation

In the Budget of 2025, recognizing the significant contribution of the middle class in nation building, the Finance Minister provided substantial tax relief to individual taxpayers under the simplified tax regime. For a taxpayer earning up to INR 12 lakh of total income, there is nil tax payable. This limit earlier was INR 7 lakhs.