India’s Middle Class Gets a Big Boost: A Budget That Puts Money Back in the Pockets of Taxpayers

The 2025-26 Budget has arrived, and it brings with it a big relief for India’s middle class. After years of rising tax burdens and stagnant exemptions, the government has stepped in with a historic tax reform that will directly impact the urban, salaried, and tax-paying citizens. With incomes up to 12 lakh rupees now completely tax-free and reduced tax rates up to 24 lakh rupees, the Modi government has ensured that hard-working Indians take home more of their earnings. But the bigger question remains, how will this transform India’s economic landscape?