Budget 2025 10 Expectations: Today, Finance Minister Nirmala Sitharaman will present the budget in Parliament for the eighth consecutive time. This historic budget document will be placed before the Parliament at 11 am. Prime Minister Narendra Modi has described this budget as very important, from which everyone from the general public to the industry has great expectations. Let us know, from taxpayers to farmers, which 10 major announcements are expected.
Relief can be given in income tax
This time taxpayers are expected to get big relief in income tax. The Finance Minister can make annual income up to Rs 10 lakh tax free under the new tax regime. Also, there is a possibility of bringing a new tax slab of 25% for annual income of Rs 15 to 20 lakh.
limit of standard deduction may increase
At present the limit of standard deduction is ₹ 75,000, which can be increased to ₹ 1 lakh. This will directly benefit the employed people and reduce their tax liability.
Increase in the limit of Section 80C possible
Government may consider increasing the tax exemption limit under Section 80C from ₹ 1.5 lakh to ₹ 2 lakh. This will give more benefits to the taxpayers investing.
Special relief to senior citizens
Limit of health insurance premium for senior citizens can be increased to ₹ 1 lakh. Also, discounts on railway tickets and other facilities are also likely to be expanded.
New schemes for women
Government may announce special schemes to promote women empowerment. The time limit of ‘Mahila Samman Bachat Yojana’ can be increased, which will give women better savings options.
Amount expected to increase in PM Kisan Yojana
To provide financial assistance to farmers, the annual amount of PM Kisan Yojana can be increased from ₹ 6,000 to ₹ 8,000 or ₹ 10,000. This will strengthen the agriculture sector.
Kisan Credit Card limit will be higher
The maximum loan limit under Kisan Credit Card (KCC) can be increased to ₹ 5 lakh, so that farmers can get more financial support and they can increase investment in farming.
There can be big changes in NPS and APY
New reforms can be made in National Pension Scheme (NPS) and Atal Pension Scheme (APY), so that more and more people can become a part of pension benefits.
Coverage will increase in health insurance
While improving the health sector, the government can increase the limit of health insurance premium to ₹ 1 lakh. This will especially benefit senior citizens.
Self-reliant India will get new strength
To promote ‘Make in India’ and ‘Atmanirbhar Bharat’, the government can give subsidies to new industries and give tax exemptions to startups, so that new employment opportunities are created in the country.
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