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Finance Minister Nirmala Sitharaman's Budget revised tax slabs for savings up to ₹17,500, cut customs duties on electronics and jewelry, and introduced special schemes for Bihar. The Supreme Court upheld NEET-UG 2024, and funding for regional projects in neighboring countries was increased.
Key Features of Budget 2024-2025
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ITR-2 Filing Made Easy: Get Expert Help from MS Accounting Services!
The 2025 Union Budget introduces key reforms across sectors. Income tax relief exempts individuals earning up to ₹12 lakh. MSME support increases credit guarantee cover to ₹10 crore. Agriculture gets new schemes for self-reliance in pulses. Infrastructure sees ₹11.2 trillion for capital expenditure. R&D receives ₹20,000 crore for private sector innovation. Exports benefit from tax exemptions on electronics and EV components. Healthcare promotes medical tourism with visa ease. Education & AI expand with new IIT and AI research centers. Urban development boosts water supply and smart cities. Financial reforms allow 100% FDI in insurance. ?
Budget 2025 Highlights – TAX Updates!