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India Union Budget 2025 Highlights ๐ Taxation Reforms: โ Income tax exemption limit raised to โน12 lakh (up from โน7 lakh) โ Revised tax slabs for incomes above โน12 lakh to simplify structure and reduce burden ๐พ Agriculture Boost: โ New 6-year mission to enhance pulse production โ Support for cotton farmers to improve yields and competitiveness ๐ก Middle-Class Support: โ Reduced customs duties on essential items like cancer drugs and furniture โ Measures to facilitate the purchase of second homes ๐ก Innovation & Startups: โ โน20,000 crore allocated for private sector-driven R&D โ Support for startups to foster innovation โก Infrastructure & Energy: โ Capital expenditure set at โน11.21 trillion to drive growth โ Mission to develop 100 GW of nuclear power by 2047 ๐ท Gig Economy Support: โ Identity cards for gig workers to improve access to healthcare and welfare The Budget 2025 aims to simplify taxes, support farmers, health. #UnionBudget2025 #EconomicGrowth #IndiaBudget #Finance
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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 Slab
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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
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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 โน2.5 lakh for individuals below 60 years. 2. 5% Tax: I
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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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Setting up New Funds with an additional โน10,000 crore, in addition to existing government contributions of โน10,000 crore. For 5 lakh first-time entrepreneurs, including women, Scheduled Castes and Scheduled Tribes to be launched #UnionBudget2025
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Budget 2025 โ A Win for the Middle Class, But What About Businesses? ๐ค Here's what caught my eye: โ More spending power for consumers โ Zero tax up to โน12 lakh means a cash boost for the middle class. Great for businesses targeting this segment! ๏ฟฝ
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In the financial year 2025, the direct tax revenue has hit an impressive โน16.9 lakh crore! Hereโs the breakdown: - Personal tax contributes โน8.7 lakh crore - Corporate tax is at an astounding โน27.7 lakh crore - Securities transaction tax stands at โน
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**Tax Revenue Hits Record Highs** ๐ The governmentโs net direct tax collection, post-refunds, surged 15.4% to โน12.3 lakh crore between April and November 10, 2024. Gross collections also saw a robust 21.2% increase, reaching โน15.02 lakh crore. ๐ฐ
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