
1] Finance Minister Nirmala Sitharaman on Saturday, February 1, ended her Union Budget 2025-26 presentation with a booster to the middle class. FM announced that no income tax will be payable for annual income upto ₹12 lakh.2] She also announced that the annual limit for TDS on rent has been raised from ₹2.40 lakh to ₹6 lakh, benefiting small taxpayers receiving smaller payments.3] In a move aimed at formalising the gig economy, Sitharaman announced that the government will provide identity cards and registration for gig workers. The initiative is expected to enhance social security and . . .
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