Budget 2025:- The first entire budget of Modi 3.0 can fill the pockets of the middle class. It is expected that while this budget will give relief to the rest of the classes, the middle class is sure to hit the jackpot. The central government can decide to increase the tax-free annual income. If this happens, then it will be like a significant gift.
Union Finance Minister Nirmala Sitharaman will present her 8th entire budget today. The budget speech is expected to be held around 11 am, and MPs of all political parties will be present at Lok Sabha and Rajya Sabha. The economic survey report suggests this budget will bring new opportunities for the youth, farmers and taxpayers. You can know below what is going to be exceptional in the budget.
Plan for new income tax slab
The central government can make surprising announcements in the budget for 2025-26. For example, it can announce an increase in the tax-free limit on annual income. This limit is expected to increase from Rs 3 lakh to Rs 3.50 lakh. This will increase the disposable income in the hands of taxpayers, which will provide some relief from inflation. This clearly shows that the government will keep income up to Rs 3.5 lakh out of the tax limit. A 5 per cent tax will be levied on annual income of Rs 3.51 lakh to Rs 6 lakh. Ten per cent tax will be imposed on people falling in the slab of 6.1lahksh to 9.1lahFifteenh. A 15 per cent Fifteenx will be imposed on annual income of Rs 9.1 lakh to 12 lakh. 20 per cent tax will be levied on income from Rs 12.1 lakh to 15 lakh
Big announcements for the health sector?
Union Finance Minister Nirmala Sitharaman can make major announcements in the health sector in her budget. This time, about 10 per cent more money can be received than last year. Earlier, an allocation of 91 thousand crore rupees was made, which can be increased to around 1 lakh crore. The government can also announce an increase in seats in medical colleges.