Budget 2025 Explained In Just 29 Points

Date:

The Budget 2025 is explained in 29 points.

  1. No Income Tax On Average Monthly Income Of Upto Rs 1 Lakh; To Boost Middle Class Household Savings & Consumption 
  2. Salaried Class To Pay Nil Income Tax Upto ₹ 12.75 Lakh Per Annum In New Tax Regime
  3. Union Budget Recognises 4 Engines Of Development – Agriculture, MSME, Investment And Exports
  4. Benefitting 1.7 Crore Farmers, ‘prime Minister Dhan-Dhaanya Krishi Yojana’ To Cover 100 Low Agricultural Productivity Districts
  5. “Mission For Aatmanirbharta In Pulses” With A Special Focus On Tur, Urad And Masoor To Be Launched
  6. Loans Upto Rs. 5 Lakhs Through KCC Under Modified Interest Subvention Scheme
  7. FY-25 Estimated To End With Fiscal Deficit Of 4.8%, Target To Bring It Down To 4.4% In FY-26
  8. Significant Enhancement Of Credit With Guarantee Cover To MSMEs From ₹ 5 Cr To ₹ 10 Cr
  9. A National Manufacturing Mission Covering Small, Medium And Large Industries For Furthering “Make In India”
  10. 50,000 Atal Tinkering Labs In Government Schools In Next 5 Years
  11. Centre Of Excellence In Artificial Intelligence For Education, With A Total Outlay Of ₹ 500 Crore
  12. PM Svanidhi With Enhanced Loans From Banks, And UPI Linked Credit Cards With ₹ 30,000 Limit
  13. Gig Workers To Get Identity Cards, Registration On E-Shram Portal &  Healthcare Under PM Jan Arogya Yojana
  14. ₹ 1 Lakh Crore Urban Challenge Fund For ‘Cities As Growth Hubs’
  15. Nuclear Energy Mission For R&D Of Small Modular Reactors With An Outlay Of ₹ 20,000 Crore
  16. 15,000 Crore Swamih Fund To Be Established For Expeditious Completion Of Another 1 Lakh Stressed Housing Units
  17. ₹ 20,000 Crore Allocated For Private Sector Driven Research Development And Innovation Initiatives
  18. Gyan Bharatam Mission For Surveyand Conservation Of Manuscripts To Cover More Than One Crore Manuscripts
  19. FDI Limit Enhanced For Insurance From 74 To 100 Per Cent
  20. Jan Vishwas Bill 2.0 To Be Introduced For Decriminalising More Than 100 Provisions In Various Laws
  21. Updated Income Tax Returns Time Limit Increased From Two To Four Years
  22. Delay In TCS Payment Decriminalised
  23. TDS On Rent Increased From ₹ 2.4 Lakh To ₹ 6 Lakh
  24. BCD Exempted On 36 Lifesaving Drugs And Medicines For Treating Cancer, Rare And Chronic Diseases
  25. BCD On IFPD Increased To 20% And On Open Cells Reduced To 5%
  26. BCD On Parts Of Open Cells Exempted To Promote Domestic Manufacturing
  27. To Boost Battery Production, Additional Capital Goods For EV And Mobile Battery Manufacturing Exempted
  28. BCD Exempted For 10 Years On Raw Materials & Components Used For Ship Building 
  29. BCD Reduced From 30% To 5% On Frozen Fish Paste And 15% To 5% On Fish Hydrolysate

Read More: Jharkhand High Court Directs Dept. To Restore Amount Of Rs. 30.30 Crores Along With Statutory Interest In Electronic Credit Ledger Of SAIL

Mariya Paliwala
Mariya Paliwalahttps://jurishour.in/
Mariya is the Senior Editor at JurisHour. She has 5+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started as a freelance tax reporter in the leading online legal news companies like LiveLaw & Taxscan.

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