Many important announcements are expected from the government in the upcoming Budget 2025, which can give relief to the general public, farmers, employed people and entrepreneurs. Reduction in petrol and diesel prices, income tax exemption, increased assistance for farmers and employment generation schemes can be the major highlights of this budget. Let us know in which areas changes are likely.
Budget 2025: What will be cheap and expensive?
Changes possible on petrol-diesel and electronics
The government can cut excise duty on petrol and diesel, which will reduce fuel prices and provide relief to the general public.
🔹 Possibility of becoming cheaper:
✔ Petrol-diesel: Prices may fall due to reduction in excise duty.
✔ Mobile and Electronics: Consumer electronics can become cheaper due to reduction in import duty.
🔺 Possibility of becoming expensive:
❌ Gold-silver: Import duty may increase, which will increase prices.
❌ Luxury items: Tax on luxury products may increase.
Income tax relief: Income up to ₹ 10 lakh can be tax free!
To make the new tax system more attractive, the government can make income up to ₹ 10 lakh tax free.
✅ Possible tax slab changes:
💰 Up to ₹ 10 lakh – no tax
💰 Up to ₹ 15-20 lakh – 25% tax bracket
If this change is implemented, the middle class will get great relief and their savings will increase.
Relief for farmers: The amount of PM Kisan Samman Nidhi can be doubled
The assistance amount of ₹ 6,000 received annually by farmers under PM Kisan Samman Nidhi can be increased to ₹ 12,000.
🌾 Possible announcements:
✅ More budget allocation for agriculture sector.
✅ Expansion of Ayushman Bharat Yojana.
✅ Possibility of doubling the pension amount in Atal Pension Yojana.
If this change comes, farmers and rural areas will directly benefit.
New employment opportunities: Internship and job abroad scheme for youth
The government can bring new programs to increase employment in rural areas.
🛠 Possible changes:
✔ Internship program: More training and employment opportunities for rural youth.
✔ National Employment Policy: New policy to promote jobs in the organized sector.
✔ International Mobility Authority: Scheme to promote job opportunities for Indian youth abroad.
If these schemes are implemented, new doors of employment can open for rural and urban youth.
Big investment in health sector: 75,000 new medical seats planned
The government may increase the budget to strengthen the health sector and add 75,000 new seats in medical colleges.
🏥 Possible announcements:
✅ The number of new medical colleges and hospitals will increase.
✅ Cut in import duty on medical equipment, which will reduce the cost of treatment.
✅ More funds may be allocated for health services.
If these plans are implemented, health facilities will improve and more opportunities for medical education will be available.
Big relief to home buyers: Affordable housing limit will increase
The government may change the definition of affordable houses in metro cities and increase the price limit.
🏡 Possible changes:
✔ The limit of affordable housing may increase from ₹ 45 lakh to ₹ 70 lakh.
✔ Tax exemption on home loan interest likely to increase to ₹ 5 lakh.
✔ More budget allocation to promote government housing schemes.
If this change happens, it will be easier for the middle class to buy a house and the real estate sector will get a boost.
Will Budget 2025 provide relief or will the burden of inflation increase?
Some things may become cheaper in Budget 2025, while some are likely to become expensive. Tax exemption, cheaper petrol-diesel, increased support for farmers and new opportunities for health and employment can bring relief to the general public.
Now it remains to be seen how many announcements the government implements and which sections will get direct benefit from this budget! 🚀
New rules from February 1, 2025: Direct impact on your pocket!