Union Budget 2025: Rs 12 lakh tax exemption limit is more than expectation; this budget is like Triveni Sangam, Nilesh Shah tells Market Guru Anil Singhvi

Finance Minister Nirmala Sitharaman made an important announcement for taxpayers during her Budget 2025 speech, giving afloat taxation alleviation to the taxpayers earning up to Rs 12 lakh. 

For the salaried class, this bounds is Rs 12.75 lakh arsenic they besides get a modular deduction of Rs 75,000.  

In speech with Zee Business Managing Director Anil Singhvi experts specified as Nilesh Shah, MD, Kotak AMC, Raamdeo Agarwal, president and co-founder, MOFSL, and Sunil Singhania, Founder, Abakkus Asset Manager Pvt Ltd, spoke astir the limit's interaction and however it tin assistance boost the Indian economy.

Shah said the taxation exemption bounds of Rs 12 lakh is much than the expectation, and the wealth saved by the salaried people is apt to spell into consumption, boosting India's economy. 

Shah besides coined Budget 2025 Triveni, saying the fund has focused connected fiscal prudence, capex, and depletion and is expected to instrumentality the state forward. 

The adept says that the salaried people successful that income bracket is sorted with needs of food, clothing, and house, and they astir apt walk the saved wealth connected healthcare, entertainment, tourism, travel, and mobile phones.

"Encouraging depletion was necessary, truthful expanding the exemption bounds to Rs 12 lakh is much than expectation." 

He said that the wealth saved should beryllium spent successful India. 

"If you springiness taxation alleviation to the affluent class, they whitethorn walk wealth overseas connected the acquisition of their children oregon traveling abroad. But the authorities should effort that taxpayers should walk and put the wealth saved done taxation relaxation arsenic it volition assistance the Indian system grow. It's similar they should similar traveling to Prayagraj to going to Thailand,

Calling Budget 2025 a Triveni Sangam (referring to the merging constituent of 3 rivers successful Prayagraj), helium said that the authorities is focused connected fiscal prudence, capex, and consumption. 

"The backstage sector's capex is connected the backfoot, truthful the authorities has to tally expenditure. The cardinal authorities expenditure is 10 per cent more. PSU expenditure maturation has been shown arsenic 17 per cent. So, the capex is on, the authorities is encouraging consumption, and it is leaving nary way for fiscal prudence. So budget's Triveni Sangam is good. 
 
Agarwal said the taxation exemption bounds to Rs 12 lakh is supra anticipation and shows the government's pro-taxpayer stance.

"Budget 2025 was precise good. I thought the maximum they could summation would beryllium Rs 10 lakh. But Prime Minister Narendra Modi has opened his bosom for taxpayers and accrued the bounds to Rs 12 lakh. With specified a large-scale rise, radical volition besides deliberation that the authorities cares for us."

He said that specified taxation exemption connected specified a wage bracket gives a intelligence boost to taxpayers.

"Psychologically, it volition marque a affirmative interaction connected taxpayers minds arsenic Rs 1 lakh income a period is present tax-free. In astir each Indian cities, this magnitude is rather substantial." 

Singhania said that with a absorption connected the 6-year fiscal prudence goal, agriculture, exports, MSME, and investment, it is wide what the state needs to bash for the adjacent 4-5 years. 
"As Raamdeo Agarwal said, alternatively of giving taxation alleviation successful bits and pieces, giving immense taxation alleviation successful 1 spell makes it much meaningful. Given the existent situation, it couldn't person been better."