🚨 Top Highlights of Union Budget 2025-26 🚨
Here’s a quick snapshot of the key announcements, with a special focus on tax reforms:
📌 Tax Reforms
✅ No Income Tax for income up to ₹12 lakh under the new regime.
✅ Two Self-Occupied Properties can now be valued at Nil for tax purposes (up from one).
✅ TDS Threshold on Rent raised to ₹6 lakh (from ₹2.4 lakh).
✅ TCS on Education Loans up to ₹10 lakh removed for loans from specified financial institutions.
✅ Time Limit for Updated Returns extended from 2 years to 4 years.
✅ New Income Tax Bill to be introduced next week, focusing on simplification and ease of compliance.
✅ TDS/TCS Rationalization: Reduced number of rates and adjusted thresholds to benefit the middle class.
✅ Faceless Assessment and Taxpayer Charter to continue, with 99% of returns processed based on self-assessment.
📌 Healthcare & Education
✅ 10,000 additional medical seats in 2025-26; 75,000 seats targeted in 5 years.
✅ 200 new cancer centers to be established.
✅ 50,000 Atal Tinkering Labs in govt schools; broadband for all secondary schools.
📌 Infrastructure & Economy
✅ Fiscal deficit target: 4.8% (FY25), 4.4% (FY26).
✅ ₹1 lakh crore Urban Challenge Fund for city growth hubs.
✅ Modified UDAN scheme to connect 120 new destinations.
✅ 100GW nuclear energy target by 2047.
📌 Agriculture & Rural Development
✅ Kisan Credit Card limit increased to ₹5 lakh.
✅ 6-year ‘Atmanirbharta Mission’ for self-reliance in pulses.
✅ Makhana Board to be set up in Bihar for value addition.
📌 MSMEs & Startups
✅ Credit guarantee cover for MSMEs raised to ₹10 crore.
✅ DeepTech Fund of Funds to boost tech innovation.
✅ FDI in insurance hiked to 100%.
📌 Women & Youth Empowerment
✅ New scheme for SC/ST women offering 5-year term loans.
✅ 5 National Centers of Excellence for Skilling to equip youth.
✅ Saksham Anganwadi & Poshan 2.0 to benefit 8 crore children & 1 crore mothers.
📌 Tourism & Culture
✅ Homestays to get Mudra loans; medical tourism to be promoted.
✅ Top 50 tourist destinations to be developed with states.
📌 Green Energy & Sustainability
✅ Incentives for renewable energy projects.
✅ Mission for solar PV cells, electrolysis, and grid-scale batteries.
This budget focuses on growth, inclusivity, and sustainability, paving the way for a #ViksitBharat!
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