Finance Minister Nirmala Sitharaman announced major income tax relief for the middle class in Budget 2025, with no tax payable on annual income up to ₹12 lakh under the new regime. The government hailed it as a pro-middle class budget, while opposition leaders like P. Chidambaram criticized it for ignoring the poor and not doing enough to spur growth. The Union Budget 2025 offers significant income tax relief to the middle class, raising the tax-free limit to Rs 12.75 lakh per annum. However, critics argue it fails to address core economic issues like job creation, rural development and investment in health and education. The government claims the tax breaks will boost consumption and growth, while opposition parties say it's insufficient given broader economic challenges. #pchidambaram #msmes #incometax #itwebvideos #healthspending #middleclasstaxrelief #ruraldevelopment #nirmalasitharaman #viksitbharat #middleclass #economicgrowth #gdpgrowth #indianeconomy #jobcreation #taxrelief #fiscaldeficit #educationinvestment #budget2025 #indiatoday Subscribe to India Today for NEW VIDEOS EVERY DAY and make sure to enable Push Notifications so you'll never miss a new video. All you need to do is PRESS THE BELL ICON next to the Subscribe button! India Today TV is India's leading English News Channel. India Today YouTube channel offers latest news videos on Politics, Business, Cricket, Bollywood, Lifestyle, Auto, Technology, Travel, Entertainment and a lot more. Stay tuned for latest updates and in-depth analysis of news from India and around the world! WhatsApp Channel: https://whatsapp.com/channel/0029Va2AnW3JENxxg7OuJv00 Download App: https://indiatoday.link/wHaj Follow us: Official website: https://www.indiatoday.in/ Twitter: https://twitter.com/IndiaToday Facebook: https://www.facebook.com/IndiaToday