Youtube Video

Summary published at 2/4/2025

Fiscal Year 2025-26 Budget Overview

👋 Finance Minister Nirmala Sitharaman has presented the budget for the fiscal year 2025-26.

📅 The fiscal year runs from April 1 to March 31. The budget presentation lasted 1 hour 14 minutes.

Key Highlights

💰 The government expects to earn ₹34.96 lakh crores (excluding loans) with an expenditure of ₹50.6 lakh crores.

📉 The fiscal deficit target is set at 4.4%, down from 4.9% last year.

💵 Total income is projected at ₹28.37 lakh crores from taxes, which include direct and indirect taxes.

Expenditure Breakdown

🏛️ Major expenditures include rural development, home affairs, agriculture, education, and health.

📊 The highest revenue comes from loans, followed by income tax, GST, and corporation tax.

Tax Structure Changes

🆕 Under the new tax regime, no income tax is applicable for income up to ₹12 lakh. For salaried individuals, the limit is ₹12.75 lakh due to a standard deduction of ₹75,000.

📈 Tax slabs are as follows:

  • Up to ₹4 lakh: No tax
  • ₹4 to ₹8 lakh: 5%
  • ₹8 to ₹12 lakh: 10%
  • Above ₹12 lakh: Progressive rates up to 30%

Sector-Specific Initiatives

🌾 New schemes in agriculture include the PM Dhan Dhanya Krishna Yojana targeting 100 low productivity districts to benefit 1.7 crore farmers.

🏭 A National Manufacturing Mission has been announced to boost medium and large industries.

🎓 500 Atal Tinkering Labs will be set up to enhance innovation in schools.

Conclusion

📣 The budget aims to enhance economic growth while managing fiscal responsibility. Feedback and questions are encouraged in the comments!

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