Top Highlights
Budget 2025
Here are the top 10 Direct Tax Highlights of Budget 2025.
Union Budget 2025-26, presented by Finance Minister Nirmala Sitharaman, sets total receipts at ₹34.96 lakh crore and expenditures at ₹50.65 lakh crore, with a fiscal deficit target of 4.4% of GDP. Key initiatives include boosting agriculture with programs like the Dhan-Dhaanya Krishi Yojana, supporting MSMEs with revised classification criteria, and enhancing credit access for micro enterprises.
The budget also focuses on investments in education, infrastructure, and healthcare, with plans for 50,000 Atal Tinkering Labs and new medical colleges.
In innovation, ₹20,000 crore is allocated for private sector R&D, while export initiatives aim to bolster global trade. Reforms are proposed across sectors like insurance and pensions, with an FDI increase in insurance and simplification of tax procedures.
On the tax front, personal income tax exemptions have been increased, and tax slabs have been revised for middle-class relief. The indirect tax changes include a rationalization of customs duties, relief on drug imports, and support for domestic manufacturing.
Infrastructure development sees an emphasis on public-private partnerships, with outlays for transport, urban development, and regional connectivity. The budget also introduces measures to facilitate ease of business and economic growth through various incentives for startups, MSMEs, and critical sectors.