Modi government slashes income tax for middle classes in India budget - Narendra Modi’s government has presented an annual budget that focuses on wooing the salaried middle class with tax cuts and spu

The Indian government has announced big tax breaks to boost spending of the country's middle class. In its annual budget presentation, the government also announced plans to bring in more private investment and measures to assist the poor and farmers.

Prime Minister Narendra Modi's customary pre-Budget speech on Friday, January 31, gave the nation's middle class something to look forward to in Budget 2025. Every year, the middle class is mostly disappointed as the government introduces more schemes to benefit the poor and hardly has anything for the section that pays for most services through direct taxation.