Budget 2025
This is full Deatail of Budget 2025, Finance Minister Nirmala Sitharaman presented the first full budget of Modi 3. O. The budget offers a big gift for the middle class: There is no tax on income up to 12 lakhs. A 30% tax will be levied only on income above 24 lakhs.
Big announcement of tax slab in the new regime, 16 to 20 lakhs will be 20%, 20 to 24 lakhs will be 25%, and above 24 lakhs 30% tax will be imposed.
The time limit for filing income tax has been increased in the budget, from 2 years to 4 years. You can file updated income tax for up to 4 years.
Focus on increasing Jal Jeevan Mission, it will be extended till 2028, drinking water will be delivered to every household, Swachitha Sagar Setu will be promoted
There will be one lakh incomplete houses will be complete and 40 thousand new houses will be handed over in 2025.
Due to the government’s emphasis on agricultural investment, the agricultural scheme will be implemented, yields will increase, and irrigation will be improved.
The Dhandhanya scheme for farmers will be announced, and the Kisan Credit Card limit will be increased to 5 lakhs. One crore farmers will benefit.
Emphasis on increasing the production of pulses in the budget, focus on the production of tur, urad, and lentil.
Government’s focus on increasing fish production, announcement of new 5-year mission for cotton.
Government support to Makhana farmers, The Makhana board will be formed in Bihar.
New scheme for women entrepreneurs, loan up to Rs 20 crore on export MSMEs, SCSC’s special loan scheme for MSME women entrepreneurs, a term loan of Rs 2 crore will be given on becoming an entrepreneur for the first time.
Big announcement for senior citizens in the budget, The TDS limit for senior citizens has been increased from Rs 50,000 to Rs 1 lakh.
A special scheme will be created for the toy sector and a special national setup will be created for manufacturing.
The FDI limit has been increased for the insurance sector, FDI in insurance has been increased from 75% to 100%, and companies will benefit from this.
Government announcement on Income Tax, A new Income Tax Bill will come next week, The Government will bring the Income Tax Bill to Parliament.
Loan for startups will be increased from Rs 10 crore to Rs 20 crore, guarantee fees will be reduced.
In the medical field, 10 thousand sealed cancer hospitals will be built in every district, cancer centers will be built in the district hospitals.
Budget 2025 focuses on increasing IIT capacity. Additional infrastructure will be built in 5 IITs and IIT Patna will be expanded.
The government has made many big announcements for Bihar in the budget for 2025. Greenfield airports will be provided, and small airports and helipads will be built in hilly areas.
The clothes made in India will be cheap, and the clothes made by weavers will also be affordable.
In the 2025 budget, lithium batteries will be concessioned, and leather, mobile phones, LED, LCD TVs, and EV batteries will become cheaper.
A major announcement for AI was made in the budget, with 500 crore rupees allocated for the AI excellence center.
There is a big announcement in the budget for life-saving medicines, 36 major serious medicines like cancer will be duty-free.
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