Budget 2025 Expectations: On February 1, the eyes of the country will be on Finance Minister Nirmala Sitharaman. It is expected that measures will be taken in the General Budget 2025 to support the weakening economic growth and to provide relief to the middle class struggling with inflation and stagnant salary increments.
Budget 2025 Expectations: February 1 is the day of presenting the budget of the Modi government. People have a lot of expectations and apprehensions from Finance Minister Nirmala Sitharaman. The bullion market, investors, jewellery buyers are constantly watching what will be the attitude of the government on gold in the Union Budget 2025. It is being speculated that the government may increase the import duty on gold in the budget.
At the same time, the Ministry of Road Transport and Highways will lay a network of NH-expressways across the country with a budget of Rs 3 lakh crore. Finance Minister Nirmala Sitharaman is expected to increase the Samman Nidhi to Rs 12000 for crores of beneficiaries associated with the PM Kisan Samman Nidhi Yojana. At the same time, experts expect that the Finance Minister will give concessions in income tax to salaried persons and will also focus on agriculture, health care and defense sectors.
Experts suggest that Finance Minister Sitharaman should encourage home ownership under the new tax regime. Some concessions are also likely to be given to taxpayers in Budget 2025. The new tax regime can be made more attractive. Some announcements are also expected to encourage investment by private sectors.
FM can give the gift of increase in standard deduction
Budget 2025 Expectations: It is expected that Finance Minister Nirmala Sitharaman can increase the limit of standard deduction in both old and new tax regimes. At present, the limit of standard deduction in the old tax regime is Rs 50000. At the same time, the limit of standard deduction in the new tax regime is Rs 75000. Experts say that the limit of standard deduction can be increased to Rs 1 lakh.
Will the limit of tax-free NPS investment increase?
Budget 2025 Expectations: National Pension System (NPS) is a popular investment tool for retirement planning. To further expand the scope of this scheme, the government gives a tax break of up to Rs 50,000 on voluntary contributions made by the employee in NPS in the old tax regime. This is in addition to the deduction limit of Rs 150,000 available under 80C. Experts say that the tax free limit of investments in the National Pension System should be increased from Rs 50000 to Rs 1 lakh.
Tax slabs may increase in the new income tax regime
Budget 2025 Expectations: It is expected that Finance Minister Nirmala Sitharaman may make some changes in the existing income tax slabs of the new income tax regime in Budget 2025. The new income tax regime has fewer deductions and exemptions. At the same time, lower tax rates and many income tax slabs are offered in it. Whereas, many deductions and exemptions are offered in the old income tax regime, but there are not many income tax slabs in it. Experts say that revision in tax brackets and higher exemptions are possible in the new tax regime.
Finance Minister will create history by presenting the budget for the 8th time
On February 1, Finance Minister Nirmala Sitharaman will come close to the record of 10 budgets presented by former Prime Minister Morarji Desai. Morarji Desai has presented a total of 10 budgets as Finance Minister during the tenure of Prime Minister Jawaharlal Nehru and later Prime Minister Lal Bahadur Shastri. Sitharaman was made the first full-time woman Finance Minister of India in 2019. Since then, Sitharaman has presented seven budgets. Former Finance Minister P Chidambaram presented nine and Pranab Mukherjee presented eight budgets during his tenure as Finance Minister.
Will Budget 2025 provide relief to the middle class?
Budget 2025 Expectations: Finance Minister Nirmala Sitharaman will create a record of presenting the 8th consecutive budget on February 1. It is expected that measures will be taken in the General Budget 2025 to support the weakening economic growth and to provide relief to the middle class struggling with inflation and stagnant salary increments.
Budget 2025 Expectations: What does the Jewels and Gold Industry expect from the Finance Minister
Budget 2025 Expectations: Despite record imports, the industry has urged the government to maintain low rates of duties. They have argued that the reduction has led to a decline in the cost of bringing gold to India, making gold smuggling less profitable. Apart from this, the jewelery sector claims that the duty cut has improved the financial condition of the industry and boosted competition. Jewels and Gold Industries expect the government to continue to support the sector by keeping custom duties at their current levels.
Budget 2025 Expectations: Improvement in HRA for Tier-2 cities, changes in Section 80D
Budget 2025 Expectations: To provide relief to taxpayers of more expensive cities like Hyderabad, Pune and Bengaluru, it has been suggested to increase the HRA exemption to 50%. Also, experts say that keeping in mind the rising health concerns, the tax deduction limit under section 80D should be increased from Rs 25,000 for individuals and Rs 50,000 for senior citizens to Rs 50,000 and Rs 1,00,000 respectively.
Budget 2025 Expectations: MSME should get 4 percent interest subsidy
Lakshmi Venkataraman Venkatesan, Founder and Managing Trustee of Bhartiya Yuva Shakti Trust said, “India’s MSMEs are accelerating the economy. They are creating jobs in small towns and rural areas. To accelerate this, the government should provide 4 percent interest subsidy and waive processing fees up to a loan limit of Rs 25 lakh. At the same time, awareness should be created about the use of 59 minutes loan approval portal to ease access to loans.”
Budget 2025 Expectations: Appeal to the Finance Minister, Government should not increase import duty on gold
Budget 2025 Expectations: Ankur Anand, Director of Harsahaymal Shyamlal Jewelers (HSJ), has appealed to the Finance Minister not to increase import duty on gold. He said that if the government takes steps to facilitate gold imports, encourage artisans and empower the industry, it will further expand the Indian jewellery industry in the domestic and global market. Let us tell you that the bullion market, investors, jewelery buyers are constantly keeping an eye on what will be the attitude of the government on gold in the Union Budget. It is being speculated that the government may increase the import duty on gold in the budget.
Budget 2025 Expectations: NH-Expressway network will be laid with 3 lakh crores
Budget 2025 Expectations: The Ministry of Road Transport and Highways will lay a network of NH-Expressways across the country with a budget of three lakh crores. Finance Minister Nirmala Sitharaman can announce a grant of Rs 2.90 to three lakh crores to the ministry in the general budget on February 1. Apart from this, provision of many measures can be made for safe road travel in Budget 2025.
Budget 2025 Expectations: Amendment possible in Motor Vehicles Act
Amendment can be considered again in the Motor Vehicles Act 2019. According to sources in the ministry, despite heavy fines and stringent laws in the new Act, the number of deaths in road accidents reached one lakh 80 thousand in 2023. However, the official data has not been released yet. For the last decade, this figure used to be around one and a half lakh.
Budget 2025 Expectations: New road network for the border
Budget 2025 Expectations: A proposal to build a new road network of 15,520 km can be presented in the general budget to provide fast and smooth access to the country’s border. This includes the border of China, Pakistan, Bangladesh, Nepal, Myanmar. This road network is very important internationally-strategically. 250 km long ropeway projects can be announced for the convenience of tourists and local citizens in the hilly states. Under this, ropeway facilities will be started in remote and inaccessible areas through more than 200 projects.
Budget 2025: If the government does this much, then the prices of petrol and diesel can come down
Budget 2025 Expectations: Bringing petrol and diesel under the ambit of GST is a bit difficult, but the Modi government can reduce the prices of petrol and diesel by reducing the excise duty. Currently, the duty on petrol is Rs 19.90 and on diesel Rs 15.80.
Budget 2025 Expectations: Big changes expected in Atal Pension Yojana
Budget 2025 Expectations: The scope of Ayushman Bharat Yojana can be increased and the pension amount of Atal Pension Yojana can be doubled i.e., Rs 10 thousand. Currently the maximum monthly pension is Rs 5000. So far more than 7 crore people have registered in this scheme. Let us tell you that Atal Pension Yojana was launched in 2015. No major change has been made in it for a long time
Budget 2025 Expectations: PM Kisan Nidhi can increase from 6000 to 12 thousand
Under PM Kisan Samman Nidhi, more than 9.4 crore farmers currently get 6 thousand rupees annually. This amount is given in 3 equal installments of 2000-2000. In view of the increasing cost of farming, there is a demand to increase it to 12 thousand rupees
Will Budget 2025 boost the real estate sector?
Budget 2025 Expectations: Experts have high expectations of announcements to strengthen the real estate sector and reforms to increase GDP growth in Budget 2025. There is a demand from the Finance Minister to increase the PMAY subsidy for the beneficiaries of the Pradhan Mantri Awas Yojana by at least 50%. The government should provide more incentives to first-time home buyers to boost the sector by increasing the number of affordable houses, giving concessions in home loan interest, special benefits to women in PMAY subsidy, and to overcome the impact of reforms like GST, RERA and demonetisation.
Budget 2025 Expectations Income Tax: Get the benefit of new tax regime on home loans
Budget 2025 Expectations Income Tax: Experts suggest that Finance Minister Sitharaman should encourage home ownership under the new tax regime, even if they are lower than the old tax regime.
Budget 2025 Expectations: Government should reduce income tax rates
Budget 2025 Expectations: ClearTax expert Shefali Mundhra said, “The government should reduce the income tax rate for individuals earning ₹ 15 lakh annually. This will put more money in people’s pockets to spend and improve consumption.”
Budget 2025 Expectations: Interest on savings account should be 6 percent
Budget 2025 Expectations: All India Bank Employees Association urged Finance Minister Nirmala Sitharaman to increase the interest rate on savings account deposits to six percent per annum. At the same time, an additional two percent interest should be given on savings and FD deposits of senior citizens.
Budget 2025: What are the expectations of farmers from the Finance Minister
Budget 2025 Expectations farmers: Farmers expect that the Modi government will increase the amount of PM Kisan from Budget 2025, which will give them financial assistance of Rs 12,000 annually. At the same time, the loan limit from Kisan Credit Card is expected to increase from Rs 3 lakh to Rs 5 lakh.
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