A recent report by SBI claims that the 2025-26 Budget’s updated income tax slabs will benefit approximately 5.65 crore taxpayers. These taxpayers are expected to collectively save about ₹1 lakh crore in taxes. The Economic Times
- Those earning between ₹8 lakh and ₹12 lakh will see especially large savings. The Economic Times
- For example, individuals earning ₹12 lakh could save around ₹80,000; those with ₹18 lakh and ₹25 lakh incomes could save ₹70,000 and ₹1.10 lakh respectively. The Times of India+2The Economic Times+2
What this means for taxpayers:
More disposable income, less tax burden for the middle class, and likely more consumption and spending power. The relief can help families plan small investment, savings or expenses easier.
