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'Tried to complicate': Raghav Chadha on Sitharaman's tax relief counter in Parliament

IndiaTimes Friday, 14 February 2025
MP Raghav Chadha countered finance minister Nirmala Sitharaman's claim on the new tax relief in the Union Budget, clarifying that it is a rebate, not an exemption or deduction. Chadha emphasized that individuals earning above Rs 12 lakh will be taxed on their entire income as per the set slabs.
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Raghav Chadha Raghav Chadha Indian politician (born 1987)


Nirmala Sitharaman Nirmala Sitharaman Indian economist and politician (born 1959)

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Budget 2025: वित्त मंत्री निर्मला सीतारमण (Finance Minister Nirmala Sitharaman) ने अगले हफ्ते एक नया इनकम टैक्स विधेयक (New Income Tax Bill) पेश करने की घोषणा की है. New Tax Regime के तहत 12 लाख तक की इनकम टैक्स फ्री कर दी गई है. क्या अब इसके बाद Old Tax Regime खत्म हो जाएगी? #budget #budget2025 #unionbudget #unionbudget2025 #FMSitharaman #PMModi #NirmalaSitharaman #IncomeTax #budgetexpectations #Taxslabs #GST #TaxRules #IncomeTaxSlabs #NewTaxRegime #OldTaxRegime #TaxinBudget2025 #ITR #incometaxfile #GDP #Economy #taxpayers #goodreturns #NewIncomeTax ~PR.147~ED.148~GR.124~HT.96~

Credit: Oneindia    Duration: 03:29Published
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Parliament Parliament Legislative body of government

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Union budget of India Union budget of India Annual budget of the Republic of India

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In a major relief for taxpayers, Finance Minister Nirmala Sitharaman announced that individuals earning up to ₹12 lakh annually will now be exempt from paying income tax. This unprecedented move aims to boost disposable income, drive consumption, and provide financial relief to the middle class. The government also introduced revised tax slabs and additional deductions to further ease the tax burden. This landmark decision is expected to have a significant impact on salaried employees, small business owners, and self-employed professionals, reshaping India's tax landscape. #Budget2025 #UnionBudget2025 #IncomeTax2025 #Budget2025Live #BudgetForFarmers #BudgetForWomen #BudgetImpact #RailwayBudget2025 #StockMarketBudget #NirmalaSitharaman #BudgetNews #GoldPricesBudget #SalariedEmployeesBudget #TaxChanges2025 #EconomicGrowth Also Read Union Budget 2025: Full List Of What's Costlier, What's Cheaper :: https://www.oneindia.com/business/union-budget-2025-full-list-of-whats-costlier-whats-cheaper-4059353.html?ref=DMDesc Budget 2025: India To Create 5 Indigenous Small Nuclear Reactors By 2033 :: https://www.oneindia.com/business/budget-2025-india-to-create-5-indigenous-small-nuclear-reactors-by-2033-4059347.html?ref=DMDesc Income Tax Slabs Budget 2025: No Tax For Individuals Earning Up To Rs 12 Lakh :: https://www.oneindia.com/india/income-tax-slabs-budget-2025-no-income-tax-till-12-lakhs-4059337.html?ref=DMDesc ~HT.97~PR.152~ED.102~GR.125~

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