\n<\/p>\n
PM Modi Highlights Tax Relief in Latest Budget, Critiques Congress Era<\/strong><\/p>\n On February 2, 2025, Prime Minister Narendra Modi addressed a rally in RK Puram, New Delhi, and took the opportunity to criticize the Congress party, referencing the tax policies of former Prime Ministers Jawaharlal Nehru and Indira Gandhi. He emphasized how their governments placed heavy tax burdens on citizens, contrasting that with the recent budget announcements made by his government.<\/p>\n During his speech, PM Modi pointed out that under Congress, earning \u20b912 lakh resulted in paying a substantial \u20b92.6 lakh in taxes. He explained, \u201cIn Nehru Ji\u2019s time, if your income was \u20b912 lakh, you would lose almost a quarter of that to taxes. The situation was even worse during Indira Ji\u2019s era, where nearly \u20b910 lakh would be taken away in taxes.\u201d<\/p>\n The Prime Minister celebrated the new budget released by Finance Minister Nirmala Sitharaman, which declares that individuals earning up to \u20b912 lakh per year would not have to pay any income tax. Modi highlighted this change as a significant relief for the middle class, stating, \u201cNow, someone with the same \u20b912 lakh income will pay zero tax, thanks to our government\u2019s efforts.\u201d<\/p>\n Additionally, he noted that with a standard deduction of \u20b975,000 in place, the effective tax-free income limit rises to \u20b912.75 lakh. Sitharaman\u2019s announcement included the clear message that no income tax will be levied on earnings up to \u20b912 lakh, marking a considerable shift from previous years.<\/p>\n This latest budget is seen as a step toward providing greater financial relief to taxpayers, especially those from the middle-income groups.<\/p>\n\n","protected":false},"excerpt":{"rendered":" PM Modi Highlights Tax Relief in Latest Budget, Critiques Congress Era On February 2, 2025, Prime Minister Narendra Modi addressed a rally in RK Puram, New Delhi, and took the opportunity to criticize the Congress party, referencing the tax policies of former Prime Ministers Jawaharlal Nehru and Indira Gandhi. He emphasized how their governments placed<\/p>\n","protected":false},"author":1,"featured_media":6239,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[28],"tags":[531,6793,6792,5688,6791,67],"class_list":["post-6238","post","type-post","status-publish","format-standard","has-post-thumbnail","category-india-news","tag-congress","tag-delhi-election","tag-income-tax","tag-indira-gandhi","tag-jawaharlal-nehru","tag-prime-minister-narendra-modi"],"_links":{"self":[{"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/posts\/6238","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/comments?post=6238"}],"version-history":[{"count":0,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/posts\/6238\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/media\/6239"}],"wp:attachment":[{"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/media?parent=6238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/categories?post=6238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/tags?post=6238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}