Finance Minister Nirmala Sitharaman has presented the budget for the financial year 2025-26. This was the first budget of the third term of the Modi government. The government has kept the main focus on employment generation in this budget. Along with this, the Finance Minister has also opened his box for the salaried class and first-time job holders. This year, while the government has not made any changes in the old tax regime, it has tried to give relief to the middle class in the new tax regime. Let us know what announcements the Finance Minister has made for the salaried class and first-time job holders in this budget.

1. Changes made in the tax slab of the new tax regime
The salaried class was demanding tax relief for a long time. The Finance Minister has tried to give relief to the salaried class by making changes in the new tax regime, albeit small. Earlier, under the new tax regime, tax was to be paid at the rate of 5 percent on Rs 3 to 6 lakh, which has now been increased to 7 lakh. At the same time, there has been a change in the other tax slab of the new tax regime. Taxpayers will benefit up to Rs 17,500 from these two changes.

How much income will be taxed under the new tax regime now

Up to Rs 3 lakh - Zero
3.1 lakh to Rs 7 lakh - 5 percent
7.1 lakh to Rs 10 lakh - 10 percent
10.1 lakh to Rs 12 lakh - 15 percentSalaried class and first-time job holders are in luck
12.1 lakh to Rs 15 lakh - 20 percent
Above Rs 15 lakh - 30 percent
2. Standard deduction limit increased
As per the announcement made in the budget, another relief has been given to the taxpayers who choose the new tax regime. The government has increased the limit of standard deduction. So far, the limit of New Tax Regime Standard Deduction has been increased from Rs 50,000 to Rs 75,000.

3. Increased tax deduction on family pension

In the budget, Finance Minister Nirmala Sitharaman has given a big relief to family pension holders by increasing the tax limit on family pension. Earlier the exemption on family pension was Rs 15,000 per annum, which has now been increased to Rs 25,000. In such a situation, the income from pension has now increased to Rs 25,000, which is a big relief news for pensioners.

4. One month's salary to those getting first job in organized sector

The Finance Minister has given a big gift to the youth working for the first time and will give one month's salary to the youth working in the organized sector. This money should be transferred in a total of three installments. This money will be given only to those youth whose salary is less than Rs 1 lakh. 2.1 crore youth across the country will get the benefit of this scheme.

5. Youth will get internship in 500 companies
To promote employment in the country, the Finance Minister will give one crore youth of the country an opportunity to do internship in 500 companies of the country in the next five years. This internship will be for a full 12 months. Apart from this, the youth will also be given an additional allowance of Rs 6000. These schemes will help unemployed youth a lot