2025 Budget Breakdown : Key Changes and Implications.
Finance Minister Nirmala Sitharaman presented the Union Budget 2025 on 1 Feb outlining the government’s economic vision year. This budget focuses on Middle class, Infrastructure, economic growth and healthcare, etc. aiming to drive sustainable development and boost investor confidence.
Key announcements include:
- Special 6-year mission for Tur, Urad, and Masoor dal.
- Makhana Board to be set up in Bihar
- Central Agencies will purchase pulses for 4 years.
- Devlopment of the marine sector.
- Kisan credit card limit is increased upto 5 lakh. ( previous 3 lakh)
- Urea plant set up in Assam under aatam nirbhar Bharat.
- loan upto 5 lakh for Micro Enterprise.
- Two Lakh Loan for ST. SC. women Entrepreneur.
- Emphasis on Indian language in school.
- Government school to be connected with broadband.
- More IIT and IIM.
- Government will set up AI centers.
- UPI linked credit card limit would be 30,000.
- One lakh crore funds for urban development.
- Increase focus on nuclear energy with private partnership.
- Focus on ship breaking industry.
- Under udaan scheme government will connect more cities.
- 20,000 crore investment in R&D.
- Many new scheme to boost export.
- 100% FDI limit in the insurance sector.
- No custom on 36 life saving medicines.
- Simplified Income tax low to be introduced- next week.
- Tax exemption limit for senior citizens increased to 1 lakh (previous 50,000).
- No TCS on education Remittance to 10 lakh ( previous 7 Lakh).
25. Biggest Announcement – No Tax up to 12 Lakh
New Income Tax Slab
Income range Tax rate
0 – 4 lakh nil
4 – 8 lakh 5%
8 – 12 lakh 10%
12 – 16 lakh 15%
16 – 20 lakh 20%
20 – 24 lakh 25%
+24 lakh 30%
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