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K Shreenathan Nedunghadi

Stealth • 3h

The Union Budget for 2025-26, presented by Finance Minister Nirmala Sitharaman, introduces significant reforms aimed at stimulating economic growth and providing relief to the middle class. Key highlights include: Income Tax Reforms: Revised Tax Slabs: The budget proposes new income tax slabs under the 'New Income Tax Regime': Income up to ₹4 lakh: Nil ₹4 lakh to ₹8 lakh: 5% ₹8 lakh to ₹12 lakh: 10% ₹12 lakh to ₹16 lakh: 15% ₹16 lakh to ₹20 lakh: 20% ₹20 lakh to ₹24 lakh: 25% Above ₹24 lakh: 30% Additionally, individuals earning up to ₹12.75 lakh annually will not be subject to income tax, considering a standard deduction benefit of ₹75,000. livemint.com Fiscal Measures:Fiscal Deficit Reduction: The government aims to reduce the fiscal deficit to 4.4% of GDP, with plans to borrow ₹14.82 trillion through bonds to fund this deficit. reuters.com Sectoral Initiatives: Agriculture: A nationwide program for high-yielding crops will be launched, benefiting 17 million farmers. The budget also increases subsidized credit limits to support the agricultural sector. apnews.com Manufacturing and Exports: The budget emphasizes boosting manufacturing and exports, including measures to attract private investment and enhance economic inclusivity. apnews.com Clean Energy: A new fund for startups and the Nuclear Energy Mission aims to develop 100 GW of nuclear power by 2047, reflecting India's commitment to innovation and clean energy transition. apnews.com Subsidies and Social Welfare: Subsidy Allocation: The budget allocates ₹4.57 trillion for food, fertilizer, and rural employment subsidies, maintaining support for the rural economy. The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) continues to offer minimum-wage work for at least 100 days annually. reuters.com These measures aim to drive sustainable economic growth, support various sectors, and provide relief to the middle class, aligning with India's longer-term economic goals.

0 replies8 likes

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Sameer Patel

Stealth • 8m

Financial knowledge Indian Tax slabs Income tax slabs categorize taxpayers based on their annual income, determining the applicable tax rates. Here's a breakdown: 1. Nil Tax: Annual income up to ₹2.5 lakh for individuals below 60 years. 2. 5% Tax: I

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Hawk
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Medial • 6m

Was it a Budget of expectations? The Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman introduced changes to the income tax regime, for salaried employees & those opting for the new tax regime. 1. Standard Deduction Increase: T

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financialnews

Stealth • 2d

Budget 2025 expectations: Income tax relief buzz Speaking on the expected rationalisation of the income tax slab, Pankaj Mathpal, MD & CEO at Optima Money Managers, listed out the possible income tax slab for the new income tax regime, which may bri

3 replies2 likes

Karunakar CH

Stealth • 5h

Revised Income Tax Slabs under the New Regime (FY 2025-26): Annual Income (₹) Tax Rate 0 – 1,200,000 = 0% 1,200,001 – 1,500,000 = 5% 1,500,001 – 2,000,000 =10% 2,000,001 – 2,500,000 =15% 2,500,001 – 3,000,000 =20% Above 3,000,000

3 replies7 likes

Sairaj Kadam

Stealth • 6m

After a long time. Back to Reality: The Budget's Hidden Cost "Hidden Costs of the New Tax Regime" Everyone's talking about the lower tax slabs in the new income tax regime. But has anyone considered the long-term implications? By drastically redu

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Prem Siddhapura

Stealth • 2m

**Tax Revenue Hits Record Highs** 📈 The government’s net direct tax collection, post-refunds, surged 15.4% to ₹12.3 lakh crore between April and November 10, 2024. Gross collections also saw a robust 21.2% increase, reaching ₹15.02 lakh crore. 💰

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Ronak Patel

Stealth • 2d

💸25 Basic terms you should know before watching Budget 2025 on Feb 1 Finance Minister Nirmala Sitharaman is preparing to present the Union Budget 2025, marking the second full budget of Prime Minister Narendra Modi’s government in its third term, a

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Mahendra Lochhab

Stealth • 5m

51 lakh Indians filed Income Tax returns this year, an increase of 7.5% from the previous year.

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Hiral Jain

Stealth • 8m

Greetings everyone! Let's learn about our tax system! The Indian tax system is divided into two categories: Direct (income tax) and Indirect (GST)it's an unfair tax tbh. It's because everyone pays the same tax regardless of their income. For example

16 replies11 likes

Ashutosh Mishra

Stealth • 4m

Direct Tax collections for FY 2024-25 as of 17 September, 2024 Net Collections, YOY comparison Corporate Tax : ₹4.53 lakh crore, up 10.5% Personal Income Tax : ₹5.15 lakh crore, up 18.8% STT : ₹26,154 crore, up 96% Other Taxes : ₹1,812 crore, up

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