Different initiatives through a need-based approach would be able to garner a sustainable yet thorough development — making Union Budget 2025 a leading blueprint for economic growth in the nation. This year, Union Budget 2025 will be presented by Finance Minister Nirmala Sitharaman at 11 AM on February 1, 2025. This article discusses budget date 2025, the new tax regime slabs anticipated, economic reforms & sector wise expectations.
Union Budget 2025: Date and Time
| Event | Date | Time |
|---|---|---|
| Economic Survey | January 31, 2025 | 12 PM |
| Budget Presentation | February 1, 2025 | 11 AM |
Budget 2025 Expectations
1. Income Tax Expectations
Taxpayers are expecting: There will be some changes in the income tax slabs under new tax regime:
- Increase in standard deduction from ₹75,000 to ₹1,00,000.
- Higher basic exemption limit for salaried employees.
- Additional deductions for National Pension System (NPS) contributions.
- Tax relief on home loan interest repayments.
- Simplification of tax filing processes.
Budget Day will fall on a Saturday but stock markets (BSE and NSE) will open on the Budget Day.
2. New Tax Regime Slabs (Expected)
| Taxable Income (₹) | Current Tax Rate (%) | Expected Tax Rate (%) |
|---|---|---|
| 0 – 3,00,000 | 0% | 0% |
| 3,00,001 – 7,00,000 | 5% | 5% |
| 7,00,001 – 10,00,000 | 10% | 10% |
| 10,00,001 – 15,00,000 | 15% | 12% |
| Above 15,00,000 | 30% | 25% |
Economic Growth Projections
- GDP Growth: Projected between 6.3% and 6.8% for FY26.
- Inflation Rate: Retail inflation declined to 4.9% from 5.4% in FY24.
Sector-wise Expectations from Budget 2025
1. Retail Industry
- Faster implementation of the National Retail Policy to promote structured growth.
- Simplification of GST compliance for small businesses.
2. Artificial Intelligence & Digital Infrastructure
- Increased investment in AI development across agriculture, legal services, and tourism.
- Expansion of BharatNet Project to provide high-speed internet to rural areas.
- Focus on 5G network expansion.
3. MSME and Startups
- Lower corporate tax rates and tax holidays to promote business growth.
- Simplified GST filing and reduced compliance burden.
- Increase in MSME budget allocation for infrastructure development.
4. Manufacturing & Real Estate
- Lower GST rates on construction materials like cement and steel.
- Industry status for real estate to enable better funding.
- Tax incentives for green building projects.
5. Health & Pharma Industry
- Reduced GST on health insurance premiums.
- Custom duty waiver on essential cancer medicines.
- More funding for domestic pharmaceutical production.
6. Renewable Energy & Green Jobs
- Tax incentives for solar and wind energy.
- Green hydrogen investments to reduce dependence on fossil fuels.
- Encouraging climate-resilient agriculture through subsidies.
Stock Market on Budget 2025
- Markets will be open on February 1, 2025, despite being a Saturday.
- Real estate, FMCG, and banking stocks likely to react based on budget announcements.
- Expect volatility in the market post-budget.
Where to Watch Budget 2025 LIVE?
The Union Budget 2025 LIVE session will be broadcast on:
- Sansad TV (Parliament Channel)
- Doordarshan
- YouTube Channel of the Indian Government
The full budget documents will be available on www.indiabudget.gov.in in Hindi and English.
We can look forward to tax reforms, MSME development, more push towards Digital transformation, new-age transition and green energy push in the Union Budget 2025. A lot can be achieved through income tax relief, implementation of AI in business and real estate reforms, which can accelerate the growth of the economy. Follow the Budget 2025 live updates on February 1, 2025.
Budget 2025 FAQs:
Union Budget 2025 will be presented on February 1, 2025. Finance Minister Nirmala Sitharaman will announce key economic policies and tax changes.
Budget 2025 expectations include tax relief for middle-class taxpayers, incentives for startups, and reforms in the new tax regime slabs. The government may focus on infrastructure, healthcare, and employment growth.
There is speculation that the new tax regime slabs may be revised to provide relief to salaried individuals. Higher standard deductions or reduced tax rates may be introduced.
The Union Budget outlines the government’s revenue, expenditure, and policy priorities for the financial year. It impacts taxpayers, businesses, and economic growth.
Some experts believe Budget 2025 may remove the old tax regime to promote the new tax system. However, official confirmation will come on budget day.
You can watch Budget 2025 live on government channels like Doordarshan, YouTube, and financial news websites for real-time updates on tax and policy changes.