Union Finance Minister Nirmala Sitharaman is set to present the budget for FY 2024-25 on February 1, marking the final annual financial statement of the Narendra Modi government's second term.
Let's take a trip down memory lane and explore some fascinating facts about the Union Budget that has shaped India's financial landscape.
In a major relief for taxpayers, Finance Minister Nirmala Sitharaman announced that individuals earning up to ₹12 lakh annually will now be exempt from paying income tax. This unprecedented move aims to boost disposable income, drive consumption, and provide financial relief to the middle class. The government also introduced revised tax slabs and additional deductions to further ease the tax burden. This landmark decision is expected to have a significant impact on salaried employees, small business owners, and self-employed professionals, reshaping India's tax landscape.
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Budget 2025: वित्त मंत्री निर्मला सीतारमण (Finance Minister Nirmala Sitharaman) ने अगले हफ्ते एक नया इनकम टैक्स विधेयक (New Income Tax Bill) पेश करने की घोषणा की है. New Tax Regime के तहत 12 लाख तक की इनकम टैक्स फ्री कर दी गई है. क्या अब इसके बाद Old Tax Regime खत्म हो जाएगी?
#budget #budget2025 #unionbudget #unionbudget2025 #FMSitharaman #PMModi #NirmalaSitharaman #IncomeTax #budgetexpectations #Taxslabs #GST #TaxRules #IncomeTaxSlabs #NewTaxRegime #OldTaxRegime #TaxinBudget2025 #ITR #incometaxfile #GDP #Economy #taxpayers #goodreturns #NewIncomeTax
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Finance Minister Nirmala Sitharaman presented the Union Budget 2025, packed with key highlights aimed at fostering economic growth and social welfare. The budget focuses on providing significant relief to the middle class, including income tax exemptions and increased deductions. A standout feature is the duty exemption on essential medicines, which will lower healthcare costs for citizens. The government also announced measures to boost infrastructure development, enhance digital connectivity, and promote green energy. The FM emphasized that this budget is designed to create a more inclusive, resilient, and self-reliant India, aligning with the vision of a "Viksit Bharat."
#Budget2025Live #UnionBudget2025 #NirmalaSitharaman #IncomeTaxBudget2025 #Budget2025India #BudgetSessionLive #Budget2025Expectations #BudgetNewsLive #BudgetSpeech2025 #2025BudgetHighlights #BudgetForFarmers #RailwayBudget2025 #TaxRelief2025 #EconomicGrowth #FinanceMinister
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In a symbolic and auspicious gesture, President Droupadi Murmu offered ‘Dahi-Cheeni’ (curd and sugar) to Finance Minister Nirmala Sitharaman before she presented the Union Budget 2025. The tradition, considered a sign of good luck and success, underscores the cultural significance of the budget day. As Sitharaman prepared to unveil key economic policies, tax reforms, and welfare measures, this moment added a touch of tradition to the nation’s most anticipated financial event. Stay tuned for key budget announcements shaping India’s future!
#Budget2025Live #UnionBudget2025 #NirmalaSitharaman #IncomeTaxBudget2025 #Budget2025India #BudgetSessionLive #Budget2025Expectations #BudgetNewsLive #BudgetSpeech2025 #2025BudgetHighlights #BudgetForFarmers #RailwayBudget2025 #TaxRelief2025 #EconomicGrowth #FinanceMinister
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Finance Minister Nirmala Sitharaman concluded the Union Budget 2025 speech with a major announcement on income tax relief, offering significant benefits to middle-class taxpayers. The budget places a strong emphasis on empowering youth through job creation, skill development, and entrepreneurship initiatives. Women’s welfare remains a key pillar, with increased allocations for financial inclusion, healthcare, and self-help groups under the ‘Nari Shakti’ initiative. With a balanced approach toward economic growth and social welfare, the budget aims to boost prosperity while ensuring inclusive development.
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