Budget 2025 News: Union budget 2025 Announcements, India Budget Highlights and Income Tax Plate Changes

India Budget 2025: Important announcements, tax changes and economic prospects It is February 1 and all eyes are on Finance Minister Nirmala Sitharaman, while preparing to host her eighth union budget in parliament. The budget announcement is always a very expected event, but this year the focus is particularly sharp on how it will affect the poor and middle class. Taxpayers in particular are especially awaiting possible income tax relief. With the new tax regime now serving as the standard option, many people hope for lower tax rates that will facilitate their financial burden. Given the rising cost of living and inflationary pressure, any recreation in income tax sheets or increased deductions would be a welcome step for the working class. At the same time, stock investors will carefully monitor the government’s position on market-related regulations. An important expectation is the rationalization of long -term capital gains (LTCG). In the absence of the indexing advantage, which used to be available to taxpayers, it was a concern for investors looking for better tax returns. The stock market, which is sensitive to budget announcements, is likely to respond to any proposed tax changes in long -term capital gain. In addition, investors also keep an eye on any changes in the duties on gold. As gold plays an important role as an investment and a hedging against inflation, any reduction in import duty can lead to increased demand and lower consumer prices. While India is preparing for the Union budget 2025, the economic landscape of the world’s fifth largest economy is expected to undergo transformative changes. The union budget, traditionally delivered by the Minister of Finance, plays an important role in the formation of the country’s economic policy. The usual ‘halwa ceremony’, which marks the final phase of the budget preparation, was held on February 24. The Union budget for FY26, which will be presented on February 1, 2025, will be the eighth budget of FM Nirmala Sitharaman. Although February 1 is a Saturday, the Indian stock exchanges will hold a direct trade due to the trade union budget. NSE and BSE will be open as usual from 09:15 to 15:30 for normal trade. Union Budget 2025 Date, Time & Where to Live Union Budget 2025 will be presented on 1 February 2025. Interested viewers can watch the direct broadcast on government platforms and large news channels. Here is a complete guide on where you can look directly the budget 2025. The historical evolution of the Union’s budgets in India’s Union’s budget has shown significant changes over the years. From Jawaharlal Nehru’s budgets to independence to the digital first approach of Nirmala Sitharaman, the Indian economy has developed. Early years (1947-1970s) In the early years, the union budgets were focused on laying the basis for economic development, with heavy investments in public sector businesses and industrialization. 1980s and 1990s The Economic Liberalization Policy of the 1991 budget under Finance Minister, Manmohan Singh, led to reforms with a major blow, reducing import duty and encouraging participation in the private sector. 2000s The period 2004-2009, led by P. Chidambaram, focuses on inclusive growth, prioritization of social welfare programs and rural development. Recent Budgets (2019-2024) In recent years, especially under the leader of Finance Minister Nirmala Sitharaman, there was a shift to digital infrastructure, tax reforms and pressure on a $ 5 trillion economy at 2024. From 2024 budget, a slay of the crasured mercressed crasured crasured innovation. Exemptions for Startups and larger incentives for research and development (R&D). Green Energy Investments The government has earmarked substantial funds for solar energy, electric vehicles and eco-friendly infrastructure. Digital infrastructure investment in the Digital India program and 5G spectrum allocation. The most important expectations from budget 2025 Personal tax reforms There is a strong expectation that the government will institute comprehensive income tax reforms, which will provide the middle class and corporations. There is a great hope that Finance Minister Nirmala Sitharaman may consider the income tax rates under the new tax regime in the upcoming budget to make it more attractive to taxpayers and eventually broaden the tax base. Customs duties There are an increasing anticipation that the government could reduce import taxes on certain goods to support local manufacturing, increase consumption and increase disposable income. In the previous budget, the government lowered the import tax on cell phones and key components of 20% to 15%, a move aimed at favoring consumers and strengthening India’s position as a global smartphone manufacturing center. Infrastructure and job creation A central theme in Budget 2025 is job creation. With millions of young people entering the workforce, the government is expected to increase its focus on infrastructure projects that generate work. The budget is expected to prioritize smart cities, highways, investment diversification and railroad modernization. Healthcare and education post-pandemics, healthcare remains a critical area for policy focus. The government is likely to increase the healthcare award, with the aim of improving primary care, medical education and mental health services infrastructure. Similarly, the education sector can see the emphasis on promoting digital education and addressing skills gaps for youth. The focus on green and sustainable development, given the growing concern about climate change, is likely to focus on green growth initiatives. There is an expectation for higher investments in renewable energy, electric vehicles and sustainable agriculture. Incentives for businesses that adopt eco-friendly practices and green technologies can be introduced. Capital gains tax There are expectations for tax rationalization of capital gains to encourage long -term investments. Will Budget 2025 Income Tax Sheets Change? Possible income tax reviews are expected to be expected, especially for the middle class. Salaries taxpayers hope Finance Minister Nirmala Sitharaman will announce an increase in the standard deduction limit among the old and new tax regimes. The old tax regime currently offers a fixed standard deduction of £ 50,000, while the new tax regime offers £ 75,000. There is also a strong anticipation that the plate rates will be reduced under the new tax regime, which encourages more individuals to choose for it and eventually expand the tax base. Before the presentation of the budget 2025, Prime Minister Modi said: “I pray to the goddess Lakshmi that the poor and the middle class divisions in the country are blessed by her,” the hope of income tax relief. Conclusion Budget 2025 will be an important financial milestone. While the government is constantly tackling challenges such as job creation, inflation and sustainability, budget announcements will give the tone for the future growth of the country. Budget 2025 may form the economy of India for the next decade with a focus on inclusive development, digitization and green initiatives. Stay tuned for direct coverage and updates on Budget 2025.