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Union Budget 2025: Nirmala Sitharaman announces tax exemption up to 12 lakhs at 12: 12 pm

An announcement confirms that no income tax will be payable for earnings up to a designated income threshold, with a highlighted reference to an exemption for incomes up to 12 lakh rupees. The update also points to policy changes taking effect as early as 2019, ensuring clarity on where taxation begins. The detailed guidelines establish a clear tax-free bracket for lower income levels.