Union Budget 2025
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Old vs New Tax Regime: Key Changes for the Middle Class in Budget 2025-26
Finance Minister Nirmala Sitharaman's announcement has revamped the New Tax Regime, bringing notable relief for taxpayers, particularly those earning up to Rs 12 lakh annually.
Union Budget: Key Measures to Support 1 Crore MSMEs and 1.59 Lakh Startups
MSMEs play a significant role in the economy, employing 7.5 crore people and contributing 36% to the country's manufacturing, as well as 45% to exports, according to Sitharaman.
Agri Stocks Soar Up to 13% Following Govt's PM Dhan-Dhaanya Krishi Yojana Announcement
The main focus of this scheme will be on crop diversification, developing post-harvest storage facilities at the panchayat and block level, increasing the availability of both short and long-term credit.
Govt to Extend Deadline for Filing Updated Returns for Any Assessment Year: FM
Presenting her eighth consecutive Budget this year, Sitharaman proposed the exemption of Tax Collected at Source (TCS) in the education sector where an education loan is taken from particular financial institutions. The FM mentioned that 33,000 taxpayers have availed of the Vivad Se Vishwas 2.0 scheme to settle disputes related to direct taxes.
FM Unveils Rs 20k Cr Nuclear Mission, Proposes Law Amendments to Include Private Players
Presenting her record eighth consecutive Budget, Sitharaman also announced that all states implementing power reforms would be eligible for additional borrowing equal to 0.5 percent of their Gross State Domestic Product (GSDP).
Fiscal Deficit Projected at 4.8% of GDP for FY25, 4.4% for FY26: FM
The report states that the government will aim to reduce the fiscal deficit to 4.5 percent of Gross Domestic Product (GDP) in the Financial Year 2026 (FY26), down from an estimated 4.8 percent in FY25.
Govt to Simplify TDS Process to Ease Compliance, Says Sitharaman
Presenting the Budget for 2025-26, she stated that tax proposals are guided by income tax reforms for the middle class, TDS rationalization, and easing the compliance burden.
Make in India Boost: National Manufacturing Mission Set to Launch
Presenting the Union Budget 2025-26, the Finance Minister stated that the National Manufacturing Mission would support clean tech and build an ecosystem for the local production of solar cells, EV batteries, and high-voltage transmission equipment.
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