1. Tax Benefits for Salaried People
No income tax if your monthly income is up to ₹1 lakh.
People earning up to ₹12.75 lakh per year will pay zero tax under the new tax system.
2. Focus on Four Growth Areas
The budget focuses on four key areas for development:
Agriculture
Small & Medium Businesses (MSMEs)
Investments
Exports
3. Support for Farmers
1.7 crore farmers will benefit from the Prime Minister Dhan-Dhaanya Krishi Yojana. It will support farmers in 100 districts with low crop production.
A new Mission for Aatmanirbharta in Pulses will promote the production of tur, urad, and masoor dal.
Farmers can get loans up to ₹5 lakh under the Kisan Credit Card (KCC) scheme at lower interest rates.
4. Government Spending & Fiscal Target
The government expects a 4.8% fiscal deficit in 2025 and aims to reduce it to 4.4% in 2026.
5. Help for Small Businesses (MSMEs)
More loans will be given to small businesses. The credit guarantee cover increases from ₹5 crore to ₹10 crore.
A National Manufacturing Mission will support small, medium, and large industries under the Make in India initiative.
6.Education & Innovation
50,000 new Atal Tinkering Labs will be set up in government schools over the next five years.
A Centre of Excellence in Artificial Intelligence (AI) will be built with a budget of ₹500 crore.
7.Support for Street Vendors & Gig Workers
The PM SVANidhi scheme will provide bigger bank loans and introduce UPI-linked credit cards with a ₹30,000 limit.
Gig workers (like delivery workers and freelancers) will get ID cards, registration on the e-Shram portal, and health benefits under the PM Jan Arogya Yojana.
8.Urban Development & Infrastructure
₹1 lakh crore Urban Challenge Fund to improve cities as hubs of growth.
A new Nuclear Energy Mission with ₹20,000 crore will focus on small modular reactors.
The UDAN scheme will expand air connectivity to 120 more destinations.
9. Housing & Real Estate
₹15,000 crore SWAMIH Fund will help complete 1 lakh unfinished homes quickly.
10. Boost for Private Sector Research & Development
₹20,000 crore will be given for private sector research, development, and innovation.
11. Cultural Preservation
The Gyan Bharatam Mission will survey and preserve over 1 crore manuscripts.
12. Insurance & Business Reforms
The FDI limit in insurance is increased from 74% to 100%.
The Jan Vishwas Bill 2.0 will remove criminal penalties from over 100 laws.
13. Income Tax & TDS Changes
More time to file updated tax returns (from 2 years to 4 years).
Delay in Tax Collected at Source (TCS) payments will no longer be a criminal offense.
TDS on rent increased from ₹2.4 lakh to ₹6 lakh.
14. Healthcare & Essential Medicines
No customs duty on 36 life-saving drugs for treating cancer, rare, and chronic diseases.
15. Changes in Import Duties (BCD – Basic Customs Duty)
Electronics: Duty on large display panels (IFPD) increased to 20%, while duty on open cell parts is removed to support local production.
Batteries: No duty on additional capital goods for making EV & mobile batteries.
Shipbuilding: No customs duty for 10 years on raw materials used for building ships.
Food Imports: Customs duty on frozen fish paste reduced from 30% to 5%, and on fish hydrolysate from 15% to 5%.