<h1>Union Budget 2025: No Income Tax for Annual Incomes Up to Rs 12 Lakh, Major Boost for Infrastructure and Manufacturing</h1> The Union Budget 2025, presented by the Finance Minister, focuses on boosting infrastructure and the electronics manufacturing ecosystem with intact capital allocation and simplified customs duties. The budget provides relief to the middle class by eliminating income tax for annual incomes up to Rs 12 lakh. It proposes a total capital expenditure of Rs 11.22 lakh crore and an effective capital expenditure of Rs 15.48 lakh crore. The budget supports various sectors, including agriculture, youth, MSMEs, and technology, while maintaining a fiscal deficit of 4.4% of GDP. Significant allocations are made for Indian Railways, enhancing connectivity and reducing logistics costs.