Finance Minister Nirmala Sitharman said that the tax relief given in Budget 2025 was Prime Minister Narendar Modi's effort to respect the service the taxpayers are doing for nation building.
The new tax structure announced in the Union Budget 2025 aims to ease the financial burden of the middle class, enhancing their disposable income and giving a boost to their consumption levels.
This is a framework evolved to help Self Help Groups (SHGs) and the citizens in rural India. The primary responsibility of developing this scheme is going to be enshrined on the public sector banks.
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