‘Middle Class Always In PM Modi’s Heart’ Amit Shah Congratulates PM After Tax Relief

On February 1, 2025, Finance Minister Nirmala Sitharaman delivered a budget speech that has been hailed as a monumental step for India’s middle class. The highlight? No income tax on earnings up to ₹12 lakh under the new tax regime, a move that has sparked joy among millions of taxpayers.

Home Minister Amit Shah took to X to express his support for the budget, emphasizing that “The middle class is always in PM Modi’s heart.” He congratulated all who would benefit from this tax exemption, which he believes will significantly enhance the financial well-being of the middle class. Shah described Budget 2025 as the blueprint for creating a developed India, showcasing the Modi government’s commitment to the welfare of its citizens.

During her speech, Sitharaman detailed that under the new tax regime, no tax would be levied on incomes up to ₹12 lakh, and salaried individuals would enjoy this benefit up to ₹12.75 lakh, accounting for a standard deduction of ₹75,000. This move is part of a broader strategy to simplify taxation, making it more taxpayer-friendly.

However, to fully leverage this exemption, taxpayers must take advantage of various reliefs under the Income Tax Act, like the ₹1.5 lakh under section 80CCC for certain investments and another ₹1.5 lakh for home loan interest. Sitharaman made it clear that this tax structure aims to ensure zero tax liability for those up to this income bracket, excluding any special rate income like capital gains.

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The announcement was met with enthusiastic desk-thumping from members of the treasury benches, led by Prime Minister Narendra Modi, signaling broad approval within the government. This budget not only aims at financial relief but also at boosting consumer spending by increasing the disposable income of the middle class.

Parliamentary Proceedings

Following the budget presentation, the Lok Sabha adjourned, with the next session scheduled for February 3 at 11 a.m. This brief pause allows for further analysis and discussion on the implications of the budget across various sectors.

The implications of this budget extend beyond immediate financial relief. By focusing on the middle class, the government is setting the stage for increased economic activity through enhanced consumer spending and savings. This budget could be a turning point for many, providing not just tax benefits but also a vision of a more prosperous, inclusive India.