<h1>Union Budget 2025-26: Major Income Tax Reforms Introduced, Offering Relief to Middle Class Taxpayers</h1> The Union Budget 2025-26 introduces significant changes to income tax slabs, offering relief to taxpayers, especially the middle class. Under the new regime, no income tax is payable on annual incomes up to Rs. 12 lakh, with a limit of Rs. 12.75 lakh for salaried individuals due to a standard deduction of Rs. 75,000. The revised tax rates range from 5% to 30% for incomes above Rs. 4 lakh. These reforms aim to boost household consumption, savings, and investment, aligning with the government's commitment to good governance and addressing citizen needs.