Prime Minister Narendra Modi’s dedication to the middle class was highlighted by Home Minister Amit Shah following Finance Minister Nirmala Sitharaman’s Budget announcement of zero income tax for individuals earning up to ₹12 lakh per year. This move was praised as a significant step towards improving the financial situation of middle-class citizens. As the Finance Minister presented the Union Budget 2025-26 in the Lok Sabha, the focus on relieving tax burdens for this demographic was evident.
Amit Shah expressed his admiration for the Budget speech delivered by Nirmala Sitharaman, emphasizing the importance of the tax exemption in uplifting the middle class. He commended Prime Minister Modi’s consistent support for this segment of the population, recognizing their essential role in the country’s economic framework. The announcement of zero income tax for those earning up to ₹12 lakh was met with widespread approval, with Shah underscoring the positive impact it would have on individuals’ financial well-being.
Prioritizing the Middle Class: A Key Focus of the Budget
The central theme of the Budget presentation revolved around the middle class, as reiterated by both Amit Shah and Nirmala Sitharaman. By exempting income tax for individuals with earnings up to ₹12 lakh, the government aimed to provide substantial relief to this demographic. The significance of this measure lay in its potential to empower middle-class households and stimulate economic growth.
Expert Insights and Public Reception
Experts in the field of economics lauded the Budget’s focus on the middle class, citing it as a strategic move to bolster consumer spending and drive demand. By putting more money in the pockets of individuals within this income bracket, the government sought to spur investment and boost overall financial stability. The public response to the tax exemption announcement was overwhelmingly positive, with many expressing gratitude for the much-needed relief provided by the Budget.
In conclusion, the decision to exempt income tax for those earning up to ₹12 lakh underscored the government’s commitment to supporting the middle class. This targeted approach aimed to address the financial concerns of a crucial demographic while fostering economic resilience and growth. As citizens welcomed this development with open arms, the Budget’s impact on the nation’s economic landscape was poised to be significant and far-reaching.
