Finance Minister Nirmala Sitharaman presented her eighth consecutive Union Budget for the financial year 2025-26 today.
The internet is buzzing with reactions as Finance Minister Nirmala Sitharaman announced a tax bonanza for India’s middle class on Saturday, stating that individuals earning up to Rs 12 lakh won’t need to pay any income tax under the new tax regime.
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Finance Minister Nirmala Sitharaman, who presented the Union Budget for 2025-26 in the Lok Sabha at 11 am, highlighted that one crore more people will pay no income tax due to a hike in rebate to Rs 12 lakh.
“Government has put a substantial amount of money in hands of people” through Income Tax rate rejig, she said, adding that the government has responded to the voice of people.
In addition to a major hike in the basic exemption limit, she also announced several schemes for Bihar and revised the tax slabs and rates under the new regime to reduce the burden on all taxpayers.
As soon as the Finance Minister announced the new tax rebate for the middle class, social media was flooded with memes, with many users sharing famous comedy scenes from movies and viral clips to express their happiness.
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Here are some of the most viral memes:
— Mr_H1NDUSTANi (@Mr_H1NDUSTANi) February 1, 2025
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No Tax for up to ₹ 12 lakh income under new tax regime.
— Ashutosh Srivastava
Meanwhile Salaried Middle Class Indian:-#NirmalaSitharaman #Budget2025#IncomeTax #बजट2025 #Budget#BudgetSession2025 pic.twitter.com/BATConNahm(@sri_ashutosh08) February 1, 2025
middles class after hearing zero tax upto 12 lakhs pic.twitter.com/fjK3OTs6S7
— SwatKat(@swatic12) February 1, 2025
Notably, Sitharaman presented her eighth consecutive Union Budget for the financial year 2025-26 today. Her speech, which included significant tax relief for taxpayers, lasted 1 hour and 17 minutes, shorter than last year’s speech, which lasted 1 hour and 25 minutes.
