{"id":5821,"date":"2025-02-01T11:44:45","date_gmt":"2025-02-01T06:14:45","guid":{"rendered":"https:\/\/www.saralstudy.com\/blog\/?p=5821"},"modified":"2025-02-02T11:30:10","modified_gmt":"2025-02-02T06:00:10","slug":"budget-2025-impact-expectations-updates","status":"publish","type":"post","link":"https:\/\/www.saralstudy.com\/blog\/budget-2025-impact-expectations-updates\/","title":{"rendered":"Union Budget 2025: Key Highlights, Expectations &#038; Impact on Economy"},"content":{"rendered":"<p>Finance Minister Nirmala Sitharaman presented the Union Budget 2025-26 in Parliament on February 1, 2025, with a special focus on tax relief to the middle class, new schemes for the agriculture sector, and infrastructure development.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.saralstudy.com\/blog\/budget-2025-impact-expectations-updates\/#Key_Highlights_Of_Union_Budget_2025\" >Key Highlights Of Union Budget 2025<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.saralstudy.com\/blog\/budget-2025-impact-expectations-updates\/#Income_tax_relief\" >Income tax relief:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.saralstudy.com\/blog\/budget-2025-impact-expectations-updates\/#Economic_growth\" >Economic growth:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.saralstudy.com\/blog\/budget-2025-impact-expectations-updates\/#Initiatives_for_agriculture_sector\" >Initiatives for agriculture sector:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.saralstudy.com\/blog\/budget-2025-impact-expectations-updates\/#Infrastructure_development\" >Infrastructure development:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.saralstudy.com\/blog\/budget-2025-impact-expectations-updates\/#Global_leadership\" >Global leadership:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.saralstudy.com\/blog\/budget-2025-impact-expectations-updates\/#Energy_and_Sustainability\" >Energy and Sustainability:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.saralstudy.com\/blog\/budget-2025-impact-expectations-updates\/#What_is_Union_Budget\" >What is Union Budget?<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.saralstudy.com\/blog\/budget-2025-impact-expectations-updates\/#History_of_union_budget_in_India\" >History of union budget in India<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.saralstudy.com\/blog\/budget-2025-impact-expectations-updates\/#Income_Tax_Slabs_New_Tax_Regime_%E2%80%93_FY_2025-26\" >Income Tax Slabs (New Tax Regime &#8211; FY 2025-26)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.saralstudy.com\/blog\/budget-2025-impact-expectations-updates\/#Income_Tax_Slabs_New_Tax_Regime_%E2%80%93_FY_2024-25\" >Income Tax Slabs (New Tax Regime &#8211; FY 2024-25)<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Highlights_Of_Union_Budget_2025\"><\/span>Key Highlights Of Union Budget 2025<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<tbody>\n<tr>\n<td><b>Category<\/b><\/td>\n<td><b>Key Figures &amp; Announcements<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Nominal GDP Growth<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.1%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Fiscal Deficit<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Targeted at 4.4% of GDP<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Total Revenue<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u20b934.20 lakh crore<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Total Expenditure<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u20b950.65 lakh crore<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Income Tax Exemption Limit<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Increased to \u20b912 lakh<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Kisan Credit Card Limit<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Increased to \u20b95 lakh<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">New Scheme for Farmers<\/span><\/td>\n<td><span style=\"font-weight: 400;\">\u2018Pradhan Mantri Dhan Dhanya Yojana\u2019 announced<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Infrastructure Development<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Increased capital expenditure on transport, energy, and urban projects<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Global Trade Partnerships<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Strengthened trade &amp; investment relations with UAE<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h4><span class=\"ez-toc-section\" id=\"Income_tax_relief\"><\/span>Income tax relief:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>To increase the purchasing power of the middle class, the government has increased the limit of income tax free income to Rs 12 lakh, as well as made changes in the tax slabs. This will provide significant benefits to taxpayers.<\/p>\n<h5><strong>Tax Calculation in the New Regime<\/strong><\/h5>\n<table dir=\"ltr\" cellspacing=\"0\" cellpadding=\"0\" data-sheets-root=\"1\" data-sheets-baot=\"1\">\n<colgroup>\n<col width=\"108\" \/>\n<col width=\"48\" \/>\n<col width=\"41\" \/>\n<col width=\"52\" \/>\n<col width=\"168\" \/>\n<col width=\"87\" \/>\n<col width=\"113\" \/><\/colgroup>\n<tbody>\n<tr>\n<td colspan=\"1\" rowspan=\"2\">\n<div><strong>Income (Lakh \u20b9)<\/strong><\/div>\n<\/td>\n<td style=\"text-align: center;\" colspan=\"2\" rowspan=\"1\"><strong>Tax<\/strong><\/td>\n<td colspan=\"1\" rowspan=\"2\">\n<div><strong>Benefit<\/strong><\/div>\n<\/td>\n<td colspan=\"1\" rowspan=\"2\">\n<div><strong>Rebate (Up to \u20b912 Lakh)<\/strong><br \/>\n<strong>Under Section 87A<\/strong><\/div>\n<\/td>\n<td colspan=\"1\" rowspan=\"2\">\n<div><strong>Total Benefit<\/strong><\/div>\n<\/td>\n<td colspan=\"1\" rowspan=\"2\">\n<div><strong>Tax After Benefit<\/strong><\/div>\n<\/td>\n<\/tr>\n<tr>\n<td><strong>Earlier<\/strong><\/td>\n<td><strong>Now<\/strong><\/td>\n<\/tr>\n<tr>\n<td>8 Lacs<\/td>\n<td>30K<\/td>\n<td>20K<\/td>\n<td>10K<\/td>\n<td>20K<\/td>\n<td>30K<\/td>\n<td>0<\/td>\n<\/tr>\n<tr>\n<td>9 Lacs<\/td>\n<td>40K<\/td>\n<td>30K<\/td>\n<td>10K<\/td>\n<td>30K<\/td>\n<td>40K<\/td>\n<td>0<\/td>\n<\/tr>\n<tr>\n<td>10 Lacs<\/td>\n<td>50K<\/td>\n<td>40K<\/td>\n<td>10K<\/td>\n<td>40K<\/td>\n<td>50K<\/td>\n<td>0<\/td>\n<\/tr>\n<tr>\n<td>11 Lacs<\/td>\n<td>65K<\/td>\n<td>50K<\/td>\n<td>15K<\/td>\n<td>50K<\/td>\n<td>65K<\/td>\n<td>0<\/td>\n<\/tr>\n<tr>\n<td>12 Lacs<\/td>\n<td>80K<\/td>\n<td>60K<\/td>\n<td>20K<\/td>\n<td>60K<\/td>\n<td>80K<\/td>\n<td>0<\/td>\n<\/tr>\n<tr>\n<td>16 Lacs<\/td>\n<td>1.7L<\/td>\n<td>1.2L<\/td>\n<td>50K<\/td>\n<td>0<\/td>\n<td>50K<\/td>\n<td>1.2L<\/td>\n<\/tr>\n<tr>\n<td>20 Lacs<\/td>\n<td>2.9L<\/td>\n<td>2L<\/td>\n<td>90K<\/td>\n<td>0<\/td>\n<td>90K<\/td>\n<td>2L<\/td>\n<\/tr>\n<tr>\n<td>24 Lacs<\/td>\n<td>4.1L<\/td>\n<td>3L<\/td>\n<td>1.1L<\/td>\n<td>0<\/td>\n<td>1.1L<\/td>\n<td>3L<\/td>\n<\/tr>\n<tr>\n<td>50 Lacs<\/td>\n<td>11.9L<\/td>\n<td>10.8L<\/td>\n<td>1.1L<\/td>\n<td>0<\/td>\n<td>1.1L<\/td>\n<td>10.8L<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h4><span class=\"ez-toc-section\" id=\"Economic_growth\"><\/span>Economic growth:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>The budget estimates nominal GDP growth rate to be 10.1%, while the fiscal deficit is targeted to be 4.4% of GDP. Total revenue is estimated at Rs 34.20 lakh crore and total expenditure at Rs 50.65 lakh crore.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Initiatives_for_agriculture_sector\"><\/span>Initiatives for agriculture sector:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>&#8216;<a href=\"https:\/\/x.com\/BJP4India\/status\/1885567729836695631\" target=\"_blank\" rel=\"nofollow noopener\">Pradhan Mantri Dhan Dhanya Yojana<\/a>&#8216; has been announced for farmers, which will increase agricultural production. Also, the limit of Kisan Credit Card has been increased to Rs 5 lakh, which will make more loans available to farmers at a lower interest rate.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Infrastructure_development\"><\/span>Infrastructure development:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Capital expenditure has been increased in the budget, which includes significant investments for transport, energy, and urban development. This will boost job creation and economic growth.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Global_leadership\"><\/span>Global leadership:<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>India has strengthened trade and investment ties with the United Arab Emirates (UAE), reflecting India&#8217;s growing influence on the global stage.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Energy_and_Sustainability\"><\/span><span style=\"font-weight: 400;\">Energy and Sustainability:<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400;\">A significant investment has been announced in the energy sector, including a Nuclear Energy Mission aiming to achieve 100 GW of nuclear power by 2047, underscoring the government&#8217;s commitment to sustainable energy solutions<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_Union_Budget\"><\/span>What is Union Budget?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The Union Budget is critical to a country\u2019s economy because it lays out both revenue, expenditures and other government financial activities over the course of a year while also determining the growth prospects in the economy.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"History_of_union_budget_in_India\"><\/span>History of union budget in India<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>The history of the budget in India is decades old and has encompassed various economic reforms, policy changes and structural reforms over time. The citizens, businesses, investors as well as various industry sectors of the country have new expectations of every budget.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Income_Tax_Slabs_New_Tax_Regime_%E2%80%93_FY_2025-26\"><\/span>Income Tax Slabs (New Tax Regime &#8211; FY 2025-26)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table style=\"height: 415px;\" width=\"692\">\n<tbody>\n<tr>\n<td><b>Annual Income (\u20b9)<\/b><\/td>\n<td><b>Tax Rate<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Up to \u20b94,00,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Nil (No Tax)<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">\u20b94,00,001 &#8211; \u20b98,00,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">5%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">\u20b98,00,001 &#8211; \u20b912,00,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">\u20b912,00,001 &#8211; \u20b916,00,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">15%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">\u20b916,00,001 &#8211; \u20b920,00,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">20%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">\u20b920,00,001 &#8211; \u20b924,00,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">24%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Above \u20b924,00,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">30%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Income_Tax_Slabs_New_Tax_Regime_%E2%80%93_FY_2024-25\"><\/span>Income Tax Slabs (New Tax Regime &#8211; FY 2024-25)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table>\n<thead>\n<tr>\n<th><strong>Annual Income (\u20b9)<\/strong><\/th>\n<th><strong>Tax Rate<\/strong><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Up to \u20b93,00,000<\/td>\n<td>Nil (No Tax)<\/td>\n<\/tr>\n<tr>\n<td>\u20b93,00,001 &#8211; \u20b96,00,000<\/td>\n<td>5%<\/td>\n<\/tr>\n<tr>\n<td>\u20b96,00,001 &#8211; \u20b99,00,000<\/td>\n<td>10%<\/td>\n<\/tr>\n<tr>\n<td>\u20b99,00,001 &#8211; \u20b912,00,000<\/td>\n<td>15%<\/td>\n<\/tr>\n<tr>\n<td>\u20b912,00,001 &#8211; \u20b915,00,000<\/td>\n<td>20%<\/td>\n<\/tr>\n<tr>\n<td>Above \u20b915,00,000<\/td>\n<td>30%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Conclusion:<\/strong><br \/>\nThrough this budget, the government has prioritised economic growth, social welfare, and infrastructure development, which will boost the overall progress of the country.<\/p>\n<p><strong>Also Read:\u00a0<a href=\"https:\/\/www.saralstudy.com\/blog\/impact-of-gst-on-indian-economy\/\" target=\"_blank\" rel=\"noopener\">Impact of GST on Indian Economy<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Finance Minister Nirmala Sitharaman presented the Union Budget 2025-26 in Parliament on February 1, 2025, with a special focus on tax relief to the middle class, new schemes for the agriculture sector, and infrastructure development. Key Highlights Of Union Budget 2025 Category Key Figures &amp; Announcements Nominal GDP Growth 10.1% Fiscal Deficit Targeted at 4.4% &#8230; <a title=\"Union Budget 2025: Key Highlights, Expectations &#038; Impact on Economy\" class=\"read-more\" href=\"https:\/\/www.saralstudy.com\/blog\/budget-2025-impact-expectations-updates\/\" aria-label=\"Read more about Union Budget 2025: Key Highlights, Expectations &#038; Impact on Economy\">Read more<\/a><\/p>\n","protected":false},"author":20,"featured_media":5822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1121,67],"tags":[],"class_list":["post-5821","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-economy"],"_links":{"self":[{"href":"https:\/\/www.saralstudy.com\/blog\/wp-json\/wp\/v2\/posts\/5821","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.saralstudy.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saralstudy.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saralstudy.com\/blog\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saralstudy.com\/blog\/wp-json\/wp\/v2\/comments?post=5821"}],"version-history":[{"count":12,"href":"https:\/\/www.saralstudy.com\/blog\/wp-json\/wp\/v2\/posts\/5821\/revisions"}],"predecessor-version":[{"id":5845,"href":"https:\/\/www.saralstudy.com\/blog\/wp-json\/wp\/v2\/posts\/5821\/revisions\/5845"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.saralstudy.com\/blog\/wp-json\/wp\/v2\/media\/5822"}],"wp:attachment":[{"href":"https:\/\/www.saralstudy.com\/blog\/wp-json\/wp\/v2\/media?parent=5821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saralstudy.com\/blog\/wp-json\/wp\/v2\/categories?post=5821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saralstudy.com\/blog\/wp-json\/wp\/v2\/tags?post=5821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}