Indian Finance Minister Nirmala Sitharaman announced in her budget speech on Saturday that people with salaries up to ₹12 lakh ($13,841) would not have to pay income tax as per the new tax regime under the Union Budget 2025 and the internet can't keep calm. 

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Just after the announcement, thrilled netizens took to social media to express their joy, and the internet was filled with hilarious memes. 

Also read: 'Tax simplification is complete': After Budget 2025, FM Sitharaman promises income tax reforms bill next week

From Bollywood movies like Krrish, Welcome, and Lagaan, to using an AI image of Nirmala Sitharaman to show her as Jaya Bachchan from Kabhi Khushi Kabhi Gham, take a look at this hilarious memefest: 

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Also read: Indian Union Budget 2025-26: Key TDS changes announced this year

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Budget 2025 memes
Budget 2025 memes Photograph: (X)

 Under the new tax regime, taxpayers earning up to Rs 12 lakh (Rs 12.75 lakh for salaried taxpayers with a standard deduction of Rs 75,000) will have to pay zero tax. 

(With inputs from agencies)