Indian Budget 2025-26 Top 10 Highlights #2025 #budget #india

Indian Budget 2025-26 Top 10 Highlights #2025 #budget #india India’s Finance Minister Nirmala Seetharaman presented her eighth consecutive budget on February 1, 2025 focused on augmenting the country’s growth potential and global competitiveness. Through transformative reforms across the domains of taxation, power sector, urban development, mining, financial sector and regulatory reforms while empowering the four engines of development, namely, agriculture, MSMEs, investments and exports, the government is committed to achieving its aspiration of Viksit Bharat. Among the key measures is the introduction of a new tax regime that exempts salary income up to 12 lakh rupees. This videos delves into these and other significant highlights of the budget 2025. Key Highlights of Union Budget 2025 Credit Cards for Micro Enterprises: Introduction of a scheme to facilitate access to credit cards for micro-enterprises​ Scheme for First-time Entrepreneurs: A dedicated support program launched to help first-time entrepreneurs, especially from rural and marginalized sectors​ Significant Enhancement of Credit Availability with Guarantee Cover: Credit guarantee cover for MSMEs raised from ₹5 crores to ₹10 crores, ensuring easier access to capital​ Revision in Classification Criteria for MSMEs: Updates to classification rules to ensure better alignment with current industry needs and support for MSME growth​ Removal of Seven Tariff Rates: Streamlining of customs duties by removing seven tariff rates, leaving only eight to improve efficiency​ Implementation of a Single Cess or Surcharge: Policy proposal to apply only one cess or surcharge for most items, aimed at simplifying the tax structure​ Tax Deduction Limit for Senior Citizens: The deduction limit for senior citizens is doubled from ₹50,000 to ₹1 lakh​ Increase in TDS on Rent: The annual limit for TDS on rent is increased from ₹2.4 lakh to ₹6 lakh, offering relief to tenants​ Extension of Time Limit for Filing Updated Returns: The time limit for filing updated returns is extended from 2 years to 4 years to provide more flexibility​ Tax relief: Tax relief measures include raising the income tax rebate limit to ₹12 lakh and doubling senior citizens' tax-free interest income to ₹1 lakh. for detail data analysis click on the links given below: SUMMARY OF UNION BUDGET 2025-26: https://pib.gov.in/PressReleasePage.a... HIGHLIGHTS OF UNION BUDGET 2025-26: https://pib.gov.in/PressReleaseIframe... Key Highlights of Union Budget 2025: https://www.indiafilings.com/learn/ke...