Shark Tank India judge and Shaadi.com founder Anupam Mittal has shared his thoughts on the Budget 2025 tax exemption, which allows individuals earning up to Rs 12.75 lakh per year to pay zero tax under the New Tax Regime. His reaction, posted on social media, has sparked conversations among middle-class professionals who have long felt burdened by taxes.
Anupam Mittal took to X (formerly Twitter) to comment on the new income tax exemption limit, jokingly saying, “New definition of gareeb => income below 12.75 lacs a year 😜.” His lighthearted remark quickly gained attention, with many professionals resonating with the sentiment.
His comment reflects the surprise many feel about the revised income tax structure, which significantly reduces the tax burden on salaried employees. Many social media users engaged with his post, highlighting how taxation has impacted their financial planning and disposable income.
Systemic Correction, Not Just a Tax Cut
While Mittal’s Twitter post was humorous, he took a more serious approach on LinkedIn, where he described the Budget 2025 tax reforms as a much-needed systemic correction rather than just a tax cut. He explained how, for years, the middle class has been highly taxed, while corporates and the ultra-rich have benefited from tax breaks and loopholes.
Mittal’s post struck a chord with many professionals who have been advocating for fairer taxation policies. He highlighted how previous budget announcements often raised expectations but ultimately provided little relief to the salaried middle class. However, this year’s budget seems to mark a major shift in India’s tax policies, focusing on empowering rather than overburdening taxpayers.
Empowering Middle Class for Economic Growth
In his LinkedIn post, Anupam Mittal emphasized that historically, strong economies have thrived by supporting the middle class. He cited examples of how America’s post-World War II economic boom and China’s rapid expansion in the 2000s were both fueled by middle-class spending power.
According to Mittal, India’s taxation system has long followed a different approach, where salaried professionals have been consistently taxed heavily instead of being given financial relief. This has resulted in less disposable income, lower spending, and slower economic growth.
He believes that Budget 2025 marks a shift in this pattern by putting more money in the hands of the working population. This extra disposable income, he argues, will lead to higher spending, increased investment, and stronger economic growth.
A Step Toward Wealth Creation
Mittal’s post concluded with a bold statement, saying, “You don’t build an economy by making people feel gareeb. You build it by making them wealthier.” His words highlight the belief that economic policies should focus on wealth creation rather than excessive taxation.
With more money available for spending, saving, and investing, India’s middle-class professionals may finally experience financial relief. Many experts believe that these new tax benefits could encourage higher consumption and economic expansion in the coming years.
Public Response and Economic Implications
Following Mittal’s remarks, social media users engaged in discussions about the impact of tax reforms on their daily lives. Many professionals, particularly those in the Rs 10-12 lakh income bracket, expressed optimism about their improved financial stability.
Economists have also weighed in on the discussion, predicting that the reduced tax burden will lead to higher consumer spending, benefiting various industries, from retail and real estate to technology and hospitality. If implemented effectively, these tax reforms could strengthen India’s economy and support its vision of becoming a global economic powerhouse.
Anupam Mittal’s reaction to Budget 2025 has sparked widespread discussions on tax reforms and middle-class empowerment. While his Twitter comment brought humor to the topic, his LinkedIn post provided a deeper analysis of the systemic shift in India’s taxation policies.
With more disposable income and reduced tax burdens, many believe that Budget 2025 could mark the beginning of a new era of financial growth for India’s salaried professionals. The long-term impact of these reforms remains to be seen, but for now, many are welcoming this significant economic shift.
