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Finance Minister Nirmala Sitharaman presented the much-anticipated Union Budget 2025-26 today, focusing on economic growth, tax relief for the middle class, job creation, and fiscal discipline. With global economic challenges and domestic aspirations in mind, the budget emphasizes infrastructure development, social welfare, and industrial expansion to ensure long-term economic resilience. Major Announcements 1. Tax Reforms to Benefit the Middle Class One of the biggest highlights of this budget is the increase in the income tax exemption limit from ₹7 lakh to ₹12 lakh, providing much-needed relief to salaried individuals. Additionally, revised tax slabs have been introduced, reducing the overall tax burden and increasing disposable income. New Deductions for Homebuyers: To boost the real estate sector, additional tax benefits have been introduced for first-time homebuyers. Simplified Tax Compliance: The government has introduced AI-driven automated tax filing assistance t...