Updates on Budget 2025
Mini Updates on Budget 2025
#33
Reduced compliance for small charitable trusts/institutions
by increasing their period of registration from 5 years to 10
years.
Budget 2025
01.02.2025
#32
Extension of incorporation of Start ups for 5 years. Incorporated before 1.4.2030
Budget 2025
01.02.2025
#31
Rebate u/s 87A increased from Rs. 25,000 to Rs. 60,000 in new scheme.
Budget 2025
01.02.2025
#30
Slab Rates
0- 4l: NIL
4L-8L: 5%
8L-12L: 10%
12L-16L: 15%
16L-20L: 20%
20L-24L: 25%
>24L: 30%
Budget 2025
01.02.2025
#29
Proposal to value two self-occupied properties at nil
The proposal suggests that two self-occupied properties, instead of just one, can be valued at Nil for tax purposes.
Budget 2025
01.02.2025
#28
No Income Tax payable up to Rs 12 Lakh under new regime.
Rs 12.75 Lakh for salaried taxpayer.
Budget 2025
01.02.2025
#27
LRS limit increased from 7 lakhs to 10 lakhs. Thus no TCS upto 10 lakhs.
Budget 2025
01.02.2025
#26
Presumptive taxation scheme proposed for Non-residents providing services to residents
Budget 2025
01.02.2025
#25
Time Limit to file updated tax returns (ITR U) from 2 years to 4 years
Budget 2025
01.02.2025
#24
TCS on Goods purchase above Rs 50 lakhs to be removed.
Budget 2025
01.02.2025
#23
Remove TCS on education loans up to ₹10 lakh from specified financial institutions
Budget 2025
01.02.2025
#22
Annual limit on Rent TDS from Rs 2.4 lakhs to 6 lakhs
Budget 2025
01.02.2025
#21
TDS limit for Senior Citizen Interest Income increased from 50,000 to 1 lakh.
Budget 2025
01.02.2025
#20
Rationalized TDS and TCS provisions.
Budget 2025
01.02.2025
#19
Time limit of 2 years for Finalizing Provisional Assessment in Customs. Extension of 1 year
Budget 2025
01.02.2025
#18
Personal Income Tax Act Reforms with Focus on Middle Class.
Budget 2025
01.02.2025
#17
Import of 35 additional capital goods for EV battery manufacturing would be exempt
Budget 2025
01.02.2025
#16
Time limit of 2 years for Finalizing Provisional Assessment in Customs. Extension of 1 year
Budget 2025
01.02.2025
#15
Levy no more than one cess or surcharge. A social welfare surcharge will be exempted on 82 tariff lines.
Budget 2025
01.02.2025
#14
BCD on Flat Panel Display from 10% to 20%.
Budget 2025
01.02.2025
#13
36 live saving drugs and medicines fully exempted from basic customs duty
Budget 2025
01.02.2025
#12
Customs : Remove 7 tariff Rates. Only 8 tariff rates remain after this
Budget 2025
01.02.2025
#11
Simplify and streamline the customs tariff structure, addressing duty inversion and promoting domestic manufacturing, value addition, and exports.
Budget 2025
01.02.2025
#10
FDI Limit increased to 100% in Insurance Sectors.
Budget 2025
01.02.2025
#9
Customs : Remove 7 tariff Rates. Only 8 tariff rates remain after this
Budget 2025
01.02.2025
#8
Customs : Rationalize of Custom tariff Structure
Budget 2025
01.02.2025
#7
FDI Limit increased to 100% in Insurance Sectors
Budget 2025
01.02.2025
#6
Scope for Fastrack Mergers to be expanded
Budget 2025
01.02.2025
#5
New Income Tax Bill to be presented next week. Half the size of current act and rules
Budget 2025
01.02.2025
#4
EXPORTS: Unified Platform for Trade Documentation and Financing Solutions. This will Complement Unified Logistics Platform
Budget 2025
01.02.2025
#3
A new Fund of Funds with a corpus of Rs. 10,000 crore will be established to invest in start-ups.
Budget 2025
01.02.2025
#2
Gig Workers – ID Cards Registration on E-shram Yojana for healthcare benefits
Budget 2025
01.02.2025
#1
Revised classification criteria for MSMEs—Investment limit increased to 2.5 times, while turnover limits to be 2 times.
Budget 2025
01.02.2025
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Union Budget shall be presented on 1st February 2025 11 am onwards. Live and Mini Updates on tax proposals shall be provided on this page.