Union Budget 2025 Live Updates: No tax till 12 lakhs income per year; file IT returns for last 4 years together, announces Nirmala Sitharaman
Union Budget 2025-26: Key takeaways
No tax on income up to Rs 12 Lakh
New slabs and capital gains limit increased to Rs 12.7 Lakh
Credit card with Rs 5 Lakh loan limit for farmers
36 life-saving drugs exempted from custom duty
75,000 new medical seats in 5 years
3 AI centers with focus on health, agri, education
| Cheaper | Costlier |
| Cancer, chronic diseases medicines | Flat panel display |
| Electronic goods | Social welfaresurcharge |
| Critical Minerals | |
| EVs | |
| Frozen fish paste | |
| Wet Blue leather | |
| Raw material for manufacturing ships | |
Income Tax Exemption Limits
2005 Rs 1 Lakh
2012 Rs 2 Lakh
2014 Rs 2.5 Lakh
2019 Rs 5 Lakh
2023 Rs 7 Lakh
2025 Rs 12 Lakh
No income tax payable upto Rs. 12-lakh in new tax rate structure: Nirmala Sitharaman
TDS threshold doubled for senior citizens
Proposal to reduce compliance burden
Time limit to file returns extended to 4 years
Tax reforms will be middle class centric
Higher TDS only for non PAN cases
TDS threshold to be reduced and income tax rules will be simpler to understand, says Nirmala Sitharaman
7 tariffs removed on exports
36 Life saving drugs made duty free
Custom duty cut for lithium batteries
FM proposed increasing the FDI limit for insurance sector to 100%.
'Social security for GIG workers'
Focus on taxpayers' convenience: Nirmala Sitharaman
New Income Tax bill to be introduced next week, says FM
Modi government's GYAN mantra for Budget 2025-26
GYAN: Gareeb, Yuva, Annadata, Nari
10 thousand fellowships for tech research in IITs: Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman says, "To improve access to credit, the credit guarantee cover will be enhanced. For micro and small enterprises from Rs 5 to Rs 10 crores leading to additional credit of Rs 1.5 Lakh Crores in the next 5 years.
10,000 additional seats in medical colleges
75,000 seats in next 5 years objective
200 cancer centres to be established by 2025-26
Union Finance Minister has announced establishment of 3 3 AI centres for agri, health and education sector
Five IIT infrastructure to be improved constructed after year 2014
5000 crore AI centre of excellence to be setup
Union Finance Minister Nirmala Sitharaman says, "PM Dhan Dhaanya Krishi Yojana - developing agri districts program...Our government will undertake a PM Dhan Dhaanya Krishi Yojana in partnership with states. Through the convergence of existing schemes and specialised measures, the program will cover 100 districts with low productivity, moderate crop intensity and below-average credit parameters. It aims to enhance cultural productivity..."
Increase credit access to MSMEs
7.4 cr MSMEs workers in focus
Jobs for youth in MSME sector
To implement the scheme for toys, India to be hub for global toys says FM Nirmala Sitharaman
FM Sitharaman says, “In this Budget, the proposed development measures span 10 broad areas, focussing on the poor, youth, farmers and women."
The Budget 2025-26, a per Nirmala Sitharaman, looks to
Budget 2025 prioritises middle class, growth and infrastructure: Nirmala Sitharaman
Parliament's Budget Session will held from January 31 to April 4.
The first part of the Budget Session will have nine sittings from January 31 to February 13 when Prime Minister Narendra Modi will respond to the Motion of Thanks on the President's address and Sitharaman will reply to the discussion on the budget.
Union Home Minister Amit Shah arrives in Parliament for President Murmu's address to joint sitting of Parliment which marks the beginning of the Budget session
#WATCH | Union Home Minister Amit Shah arrives at parliament as #UnionBudget2025 will be tabled in Lok Sabha, today, by Union Finance Minister Nirmala Sitharaman pic.twitter.com/toKV9dMRlw
— ANI (@ANI) February 1, 2025
President Droupadi Murmu feeds Union Finance Minister Nirmala Sitharaman the customary 'dahi-cheeni' (curd and sugar) ahead of her Budget presentation.
#WATCH | President Droupadi Murmu feeds Union Finance Minister Nirmala Sitharaman the customary 'dahi-cheeni' (curd and sugar) ahead of her Budget presentation.
— ANI (@ANI) February 1, 2025
Union Finance Minister Nirmala Sitharaman will present her 8th consecutive #UnionBudget, today in Parliament
(Source… pic.twitter.com/jZz2dNh59O
Finance Minister Nirmala Sitharaman will present and read out the Budget using a tab in the Parliament, instead of the traditional ‘bahi khata’.
Union Finance Minister Nirmala Sitharaman and MoS Finance Pankaj Chaudhary meet President Droupadi Murmu at the Rashtrapati Bhavan
Union Finance Minister Nirmala Sitharaman will present #UnionBudget2025, today at Lok Sabha
#WATCH | Delhi | Union Finance Minister Nirmala Sitharaman and MoS Finance Pankaj Chaudhary meet President Droupadi Murmu at the Rashtrapati Bhavan
— ANI (@ANI) February 1, 2025
Union Finance Minister Nirmala Sitharaman will present #UnionBudget2025, today at Lok Sabha pic.twitter.com/D8PYCoGf4K
Union Finance Minister Nirmala Sitharaman is wearing a saree as a tribute to Madhubani Art and the skill of Padma awardee Dulari Devi.
Dulari Devi is a 2021 Padma Shri awardee in 2021. When FM visited Madhubani for a credit outreach activity at Mithila Art Institute, she met Dulari Devi and had a cordial exchange of thoughts on Madhubani art in Bihar. Dulari Devi had presented the saree and asked FM to wear it for the budget day.
#UnionBudget2025 | Union Finance Minister Nirmala Sitharaman is wearing a saree as a tribute to Madhubani Art and the skill of Padma awardee Dulari Devi.
— ANI (@ANI) February 1, 2025
Dulari Devi is a 2021 Padma Shri awardee. When FM visited Madhubani for a credit outreach activity at Mithila Art Institute,… pic.twitter.com/Q9ur6abaNt
Finance Minister Nirmala Sitharaman is set to present her eighth consecutive Union Budget on February 1. She has since delivered seven consecutive budgets along with one interim Budget in February 2024.
Morarji Desai, who served as finance minister from 1959 to 1963 and again from 1967 to 1969, holds the record for the most budgets presented by an individual - 10 in total, including two interim budgets.
P Chidambaram holds the record for presenting the second-highest number of Union Budgets, with a total of nine.
Copies of #UnionBudget2025 are brought to parliament as Union Finance minister Nirmala Sitharaman will today table her 8th Union Budget, for the fiscal year 2025-26, in Lok Sabha.
#WATCH | Delhi | Copies of #UnionBudget2025 are brought to parliament as Union Finance minister Nirmala Sitharaman will today table her 8th Union Budget, for the fiscal year 2025-26, in Lok Sabha pic.twitter.com/AKWZQYTExW
— ANI (@ANI) February 1, 2025
Finance Minister is likely to announce several measures to boost domestic consumption.
Union Finance Minister Nirmala Sitharaman arrives at Ministry of Finance. She will present Union Budget 2025 at the Parliament today.
#WATCH | Delhi: Union Finance Minister Nirmala Sitharaman arrives at the Ministry of Finance. She will present #UnionBudget2025 at the Parliament today. pic.twitter.com/T59lxfo5YT
— ANI (@ANI) February 1, 2025
Union Budget Live Updates: Union Finance Minister Nirmala Sitharaman will present her record eighth budget today. The industrialists and taxpayers are eyeing on major announcements that would ease burden on them and pave way for sustainable economic growth. The middle class of the country who is expecting some relief is currently struggling with high prices and stagnant wage growth.
As per the Economic survey tabled on Friday, India’s GDP growth for FY 2025-26 is projected to range between 6.3% and 6.8%. The survey highlighted that all sectors are performing well, based on a trend analysis of quarterly de-seasonalised national income data.
The agriculture sector remains strong, consistently outperforming trend levels, while the industrial sector has stabilised above pre-pandemic levels. The services sector has also seen robust growth, nearing its trend levels. Retail headline inflation has decreased from 5.4% in FY24 to 4.9% between April and December 2024, as per the Economic Survey.
During the Budget Session, sixteen bills, including the Finance Bill 2025, amendments to the Waqf and Banking Regulations Act, and the merging of the Indian Railways and Indian Railways Board Acts, are likely to be tabled.
- PTC NEWS
