Sun Feb 02 12:16:51 IST 2025: ## Budget 2025 Brings Tax Relief for Middle Class, Boost for Medical Education

**New Delhi, [Date of Publication]** – Union Finance Minister Nirmala Sitharaman presented the Union Budget 2025 on Saturday, offering significant tax relief to the middle class and boosting medical education in Punjab. A key highlight is the complete tax exemption for salaried individuals earning up to ₹12.75 lakh annually. Previously, individuals earning ₹12 lakh were liable for taxes (under the new tax regime). This change eliminates tax liability for this income bracket.

The budget also includes positive developments for Punjab, with the number of seats in government medical colleges increased to 275. Further details regarding benefits for farmers and youth are expected to be released shortly. The tax exemption is projected to provide substantial relief to an estimated 1.5 lakh taxpayers in Himachal Pradesh alone. More information on specific benefits for farmers, youth and the overall budgetary allocation will follow.

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