Budget 2025 Highlights: What You Need to Know Now

Budget 2025 Highlights: Discover the key highlights of Budget 2025! Stay informed on financial strategies, allocations, and initiatives that shape our economic future.

Saturday, 1 February 2025

Trending News Fox, Digital Desk Team, Kolkata

Edited by Saibal Bose

Budget 2025 Highlights: What You Need to Know Now

The Union Budget 2025 has been unveiled, bringing significant policy measures aimed at economic growth, fiscal consolidation, and welfare enhancements. This budget focuses on tax reforms, infrastructure development, and incentives for businesses while ensuring social welfare initiatives stay robust. Here are the key highlights of Budget 2025:

1. Taxation Reforms

Budget 2025 Highlights: Personal Income Tax Changes

• No changes in tax slabs under the old and new regimes.
• Standard deduction increased to ₹55,000 for salaried individuals and pensioners.
• Rebate under Section 87A extended to individuals earning up to ₹7.5 lakh annually, ensuring zero tax liability.

Budget 2025 Highlights: Corporate Tax

• Startups continue to enjoy a reduced tax rate of 15% for newly incorporated businesses until 2027.
• Tax incentives for MSMEs and digital businesses to promote entrepreneurship.

2. Economic Growth & Infrastructure Development

• ₹12 lakh crore allocated for infrastructure projects, including roads, railways, and renewable energy.
• Expansion of urban infrastructure with a focus on smart cities and sustainable housing.
• Investment in green energy and electric vehicle ecosystem, including subsidies for EV manufacturing.

3. Digital & AI Innovation

• ₹10,000 crore fund for Artificial Intelligence research and digital startups.
• Strengthening of India’s semiconductor industry with new production-linked incentives (PLI).
• Expansion of 5G network coverage across Tier-2 and Tier-3 cities.

4. Social Welfare & Healthcare

• Increase in healthcare spending with an emphasis on universal health coverage.
• Affordable housing schemes extended for lower-income groups.
• Enhanced education budget with new skill development programs for youth.

5. Agricultural & Rural Development

• ₹3 lakh crore allocated for agricultural modernization and farmer welfare schemes.
• Expansion of direct cash transfer programs to small and marginal farmers.
• Increased subsidies for organic farming and sustainable agricultural practices.

6. Green & Sustainable Development

• New tax benefits for companies investing in renewable energy projects.
• Promotion of electric public transport to reduce urban pollution.
• Major push towards a carbon-neutral economy by 2040.

Budget 2025 Highlights: Conclusion

Budget 2025 focuses on a balanced approach towards economic growth, digital innovation, infrastructure expansion, and social welfare. The government emphasizes taxation relief. It also focuses on green energy and AI-driven growth. These efforts aim to steer the country towards a progressive and sustainable future. Taxpayers, businesses, and investors should assess these developments to enhance their financial planning and opportunities.

Disclaimer: This article provides a general overview of the Budget 2025. Please consult a financial expert for specific guidance based on your financial situation.