Home » 5 Key Highlights of Budget 2025

5 Key Highlights of Budget 2025

This blog covers the key highlights of the 2025 Union Budget, its major announcements and potential impacts.

5 Key Highlights of Union Budget 2025:

1. No Income Tax Up to ₹12 Lakh

One of the biggest announcements in this year’s budget is the revision of income tax slabs under the new tax regime. Now, individuals earning up to ₹12 lakh annually will not have to pay any income tax. This is a major jump from the previous threshold and is expected to boost disposable income, leading to increased spending and savings.

2. Increased Standard Deduction

To further support salaried individuals and pensioners, the government has increased the standard deduction limit. This move will help in reducing the taxable income, providing additional tax savings for individuals across various income groups.

3. Simplified Tax Slabs

Along with the increased exemption limit, the government has introduced a simplified tax structure with reduced tax rates for different income brackets. The aim is to reduce tax burden while making the system more transparent and efficient.

4. Pradhan Mantri Dhan Dhanya Krishi Yojana

Finance Minister Nirmala Sitharaman announced the Pradhan Mantri Dhan Dhanya Krishi Yojana, or the Developing Agri-Districts Programme, in her record 8th Union Budget presentation on February 1, 2025. This initiative aims to promote agricultural growth and sustainability across India by developing dedicated agricultural districts.

Key Features of the Scheme:

  • Strengthening rural infrastructure and agri-based industries.
  • Providing financial support and incentives to farmers.
  • Encouraging modern farming techniques and digital integration.
  • Enhancing warehousing and cold storage facilities to reduce post-harvest losses.

5. Kisan Credit Cards loan limit increased to ₹5 lakh from ₹3 lakh.

Union Finance Minister Nirmala Sitharaman announced that the loan limit for the Kisan Credit Cards (KCC) will be increased to ₹5 lakh under the Modified Interest Subvention Scheme, according to the budget announcement. The KCC gives farmers, fishermen, and dairy farmers to take short-term loans from the government.

Conclusion

The Union Budget 2025 aims to provide financial relief to taxpayers while boosting economic growth. With no income tax up to ₹12 lakh and other tax benefits, this budget is a game-changer for many individuals and businesses. The focus on agriculture through the Pradhan Mantri Dhan Dhanya Krishi Yojana also marks a significant step towards rural and agricultural development.

Power of Algorithms in Options Trading, Try Spider Now: Register Now

If you’d like to know how we analyze the market and provide accurate levels every day. then click on the Free Demo button below and change your trading life for good. 5X returns are possible in options trading If you have Spider Software in your trading system.

Disclaimer: The information provided in this Blog is for educational purposes only and should not be construed as financial advice. Trading in the stock market involves a significant level of risk and can result in both profits and losses. Spider Software & Team does not guarantee any specific outcome or profit from the use of the information provided in this Blog. It is the sole responsibility of the viewer to evaluate their own financial situation and to make their own decisions regarding any investments or trading strategies based on their individual financial goals, risk tolerance, and investment objectives. Spider Software & Team shall not be liable for any loss or damage, including without limitation any indirect, special, incidental or consequential loss or damage, arising from or in connection with the use of this blog or any information contained herein.

Loading

Leave a Reply

Your email address will not be published. Required fields are marked *