Desamante Matti Kaadoi, Desamante Manushuloi’ – ‘A Country is not just its soil, a Country is its people.’
The journey of development for Bharat should be fuelled with reforms that upholds the spirit of inclusivity amongst its citizens to reach the destination of Viksit Bharat with a clear intention of Sabka Vikas. In this blog, we will delve into the details of the budget and provide an in-depth analysis of its key provisions.
Taxation
The Union Budget 2025 has introduced several changes to the tax regime. Some of the key highlights include:
- Deductions are now available for two self-occupied properties, providing more benefits to homeowners.
- The tax-free income limit has been raised to ₹4 lakh.
- The rebate amount under Section 87A has been increased to ₹60,000, providing a whopping ₹12 lakh tax-free income potential.
Other Key Provisions
In addition to the tax changes, the Union Budget 2025 has also introduced several other key provisions, including:
- Increased allocation for infrastructure development, including IFSC, and urban development.
- Enhanced focus on education and healthcare, with increased allocations for these sectors.
- Measures to promote entrepreneurship and job creation, including tax incentives and funding support.
Conclusion
This Union Budget tries to strike a rare balance between populism, growth, and fiscal discipline. With a keen pulse on Sabka Vikas, it delivers impactful tax reforms that puts more money in the hands of its citizens, fuelling both consumption and investment, at the same time it ensures that infrastructure expansion remains uncompromised, laying the groundwork for Viksit Bharat.
Download the Detailed Document
To get a detailed understanding of the Union Budget 2025, download our comprehensive document that provides an in-depth analysis of the key provisions.
