The union budget gave the middle class a reason for jubilation when finance minister Nirmala Sitharaman, while presenting the union budget 2025, proposed no personal income tax up to a salary of Rs 12 lakh. Then, even before the ‘Modi, Modi, Modi’ chants could die out, she confounded a better part of the citizenry by coming out with new tax slabs starting from Rs 4 lakh. So is the tax cut on incomes up to Rs 12 lakh, or is it only Rs 4 lakh? Senior assistant editor K. Sunil Thomas with the report.
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