Highlights of Union Budget 2025

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Highlights of Union Budget 2025

Budget 2025 Key Announcements

  • Gareeb, youth, nari will be the key focus
  • Underemployment in agri will be addressed, 1.7 crore farmers will benefit
  • National Mission on high yielding seeds will be launched
  • India Post to become large public logistic organisation
  • Atal Tinkering Labs: 50,000 such labs to be set up in govt schools in 5 years
  • ₹10,000 crore fund of funds proposed for start ups
  • 10,000 additional seats to be inculcated in medical institutes; 75,000 medical seats in 5 years will be created
  • Kisan Credit Cards for 7.7 crore farmers; loan Limit enhanced to ₹5 lakh
  • MSME: Term loans up to ₹20 crore will be given
  • Modified UDAN scheme to be launched; 120 new destinations under modified UDAN scheme
  • SWAMIH Fund: another 40,000 housing units to be completed in 2025
  • Top 50 tourism destination to be developed
  • National Geospatial Mission announced
  • Second Gene Bank to be set up for future food security
  • Greenfield airports to be facilitated in Bihar
  • Jan Vishwas Bill 2.0 to be brought in to decriminalise 100 provisions
  • Revised fiscal deficit estimated to be 4.8% of GDP
  • Capital expenditure at ₹10.18 lakh crore
  • Gross market borrowings at ₹14.82 lakh crore
  • Social welfare surcharge on 82 tariff lines waived
  • 36 life-saving drugs fully exempted from customs duty
  • Handicrafts: 9 items to be added to duty free inputs
  • Personal tax reforms with special focus on middle class
  • TCS for remittance on education purposes removed
  • Compliance burden reduced for small charitable trusts
  • New scheme to determine Arms length Price in international transactions to be introduced
  • Digitalisation being operationalised in tax frameworks
  • Start ups: Extending incorporation benefits for five years
  • Capital gains limit exceeded to ₹12.7 lakh
  • Income tax slabs changed
  • Income of ₹18 lakh will get ₹70,000 tax benefit
  • Now maximum rate of 30% kick in at ₹24 lakh taxable compared to ₹15 lakh earlier

New Income Tax Slabs for 2025-26 Updates:

  • ₹0-4 Lakh – nil
  • ₹4 lakh – 8 lakh – 5%
  • ₹8 lakh – 12 lakh: 10%
  • ₹12 lakh – 16 lakh : 15%
  • ₹16 lakh – 20 lakh: 20%
  • ₹20 lakh – 24 lakh: 25%
  • ₹24 lakh & above: 30%