Highlights of the Budget for 2025: In a significant boost to the middle class in India, Finance Minister Nirmala Sitharama. Declared on Saturday that under the new tax regime, incomes up to Rs 12 lakh and Rs 12.75 lakh (with standard deduction) for salaried taxpayers will not be subject to income tax.

Here’s a Look at New Tax Slabs;

• Income up to Rs 4 lakh (per annum) —– Nil
• Between Rs 4 and 8 lakh —————- 5 per cent (tax)
• Between Rs 8 and 12 lakh ————— 10 per cent
• Between Rs 12 and 16 lakh ————– 15 per cent
• Between Rs16 and 20 lakh ————— 20 per cent
• Between Rs 20 and 24 lakh ————– 25 per cent
• Above Rs 24 lakh ————————- 30 per cent
• Nil tax slab will apply for annual income up to Rs 12 lakh (Rs 12.75 lakh for salaried tax payers with standard deduction of Rs 75,000) under new tax regime.

An overview of all the Significant Budget Announcements

By declaring no income tax up to Rs 12 lakh income. Finance Minister Nirmala Sitharaman has placed the middle class firmly at the center of her budget. Large sums of money designated for capital expenditures to create infrastructure. Such as roadways and railroads, were a feature of her prior budgets. Sitharaman has chosen to increase capital expenditures at a slower pace in this budget. She increased it by 11% in the previous budget, which slowed down the incredible pace of previous years. The capital spending for 2025–2026 would be 11.2 lakh crore. Which is somewhat more than the Rs 11.1 lakh crore in the previous budget.

Known for her careful budgeting. She has maintained the fiscal deficit course by declaring it will be 4.4% for the upcoming fiscal year. Even though it was predicted to be less than 4.5%. Sitharaman has also continued to focus on the Viksit Bharat roadmap, outlining plans to revitalize a number of vital industries. Including small business and agriculture, which she refers to as “engines of development.” She has also outlined a reforming agenda for many sectors and placed focus on human capacity improvement and skilling. Long-term economic growth is the goal of these actions. When consumer demand is low, inflation has affected the average person. GDP growth has slowed, and worries about job creation are still present, Sitharaman’s budget is full of optimism.

Information Realated to Budget 2025

This budget comes as GDP growth is expected to drop to 6.4% in FY24, which is close to its decadal average and a four-year low. According to the Economic Survey, growth in FY26 will be 6.3-6.8%, far slower tha. What is needed to reach Viksit Bharat by 2047. In order to spur growth, it emphasizes the necessity of labor and land reforms.

The drive for an 8% annual growth rate is still vital, even though India’s economy, which leads the globe, is beginning to slow. In comparison, the predicted increase for FY25–26 is 6.4% for FY24 and 8.2% for FY23–24.

Budget 2025 Live streaming: When and where to watch Nirmala Sitharaman’s speech;
Budget Speech Timing: Scheduled for 11 a.m. on February 1 in the Lok Sabha.
Live Broadcast: Available on Sansad TV, DD News, and Sansad TV’s YouTube channel.
Online Updates: Follow all Budget 2025 updates on economictimes.com

Important Points to look For in The Union Budget For 2025–2026:

Fiscal Deficit
Capital Expenditure
Debt Roadmap
Borrowing
Tax Revenue
GST
Nominal GDP
Dividend
Disinvestment & Asset Monetisation

FAQs on Budget

What is The Union Budget?

The government’s yearly financial statement is called the Union Budget. It lists the income and expenses for the next fiscal year.

Who Presents The Union Budget?

Finance Minister Nirmala Sitharaman presents the Budget in Parliament.

When Will The Budget be Revealed?

The Budget is revealed on February 1.

What Are The Budget’s Main Wlements?

Revenue Budget
Expenditure Budget
Fiscal Deficit
GDP Growth Projections
Policy Announcements

Are The Income Tax Slabs Going to Change?

Given the strain on the middle class, Nirmala Sitharaman can suggest in the budget adjustments to tax slabs, exemptions. And deductions under both the old and new tax regimes.

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