Biggest Announcement: No tax on income up to ₹12 lakh! 
1. Kisan Credit Card limit enhanced from Rs. 3 lakh to Rs. 5 lakh
2. Additional Infra in 5 IIT’s set up after 2014. IIT Patna to be expanded
3. 10,000 more seats to be added in medical colleges in next year and 75,000 in next five years
4. Rs. 500 Cr. for Centre for Excellence in AI
5. Social Welfare Scheme for GIG workers
6. Extension of Jal Jeevan Mission till 2028
7. Urban Challenge Fund of Rs. 1 lakh crore to be set up
8. Green field airports to be facilitated in Bihar in addition to Patna airport
9. Rs. 20,000 Cr. for Private Sector R&D
10. Top 50 tourist destinations to be developed. Focus on destinations linked to Budha
11. ‘Heal in India’ to be promoted
12. FDI limit for Insurance sector to be raised to 100% if entire premium invested in India
13. Revamped KYC Registry to be rolled out
14. Customs: Rationalize tariff structure
15. 36 life saving drugs exempt from duty & 5% duty on 6 life saving drugs
Direct and Indirect Tax
1. New Income tax Bill Next Week
2. New Income tax Bill to be simple and close to present
3. Personal Income Tax Reforms for Middle class
4. NIL Income tax upto 12,00,000
5. Income Tax slab changed
6. TDS and TCS rationalize
7. Limit for TDS on rent increased from Rs. 2.4 lakh to Rs. 6 lakh
8. Limit for TDS on Senior citizens enhance from Rs. 50,000 to Rs. 1,00,000
9. TCS removed on remittance for education purposes
10. ‘Updated Return’ time limit enhanced to 4 years from present 2 years.
Union Budget 2025Summary
The government’s focus in the budget is on development
.Global growth slightly affected due to global tensions
️.The budget emphasizes 10 key themes 🏗.
More focus on the development of the poor
, women 
, and youth 
.Increased emphasis on rural development
and manufacturing 
.More reforms to be introduced in the financial sector
.Key Announcements:
Dhan Dhanya Yojana 
to be launched in 100 districts... Special 6-year mission for Tur, Urad, and Masoor dal 
... Makhana Board 
to be set up in Bihar... Central agencies 
to purchase pulses for 4 years... New schemes for vegetable and fruit 
production in collaboration with states... Development of the marine sector 
... Kisan Credit Card 
limit increased to ₹5 lakh... Urea plant to be set up in Assam... India Post 
to be developed as a major logistics organization 
... Special credit card for small businesses... Self-reliance in edible oils 🛢... Special schemes for footwear 
and leather 
... India 
to become a global hub for toys 
... Special scheme for women from backward classes 
... 22 lakh new jobs 
to be created under the Leather Scheme... Launch of the National Manufacturing Mission 🏗... Increased emphasis on Indian languages 
in education... More IIT institutes 
to be established... 75,000 new seats 
in the medical field in the next 5 years... Special AI 
research centers to be set up... Health insurance 
scheme for small workers... UPI-linked card for small vendors... UPI-linked credit card limit set at ₹30,000 ... Interest-free funds 🏗
for states to boost infrastructure development... ₹1 lakh crore fund announced for urban development 🏙... Increased focus on nuclear energy 
by 2047... Special scheme for nuclear energy ... Special scheme for the ship-breaking industry 
... More cities 🏙 to be connected under the ‘Udaan’ 
scheme... New airport 
to be constructed in Bihar... 40,000 housing units to be built under the SWAMIH scheme... 52 new tourist destinations 🏝 to be developed in collaboration with states... New mining policy 
to be introduced... ₹20,000 crore investment in R&D 
for the private sector... All government secondary schools 
to be connected with broadband 
... New schemes to boost exports ... Buddha-related sites 
to be developed... Special scheme for preserving Indian scripts 
... Easier access to funds for export promotion... New Income Tax Bill to be introduced next week... 100% FDI limit in the insurance sector 
... Simplification of RE-KYC process 
... 100% FPI limit 
in the insurance sector... Custom duty removed 
on 36 life-saving medicines... Changes in custom duty on electronic goods 
... No primary duty on lead & zinc 
... Duty removed on crust leather ... New, simplified Income Tax law to be introduced... TDS rates to be made simpler 
... Major tax relief for senior citizens 
... Tax exemption limit for senior citizens increased to ₹1 lakh ... TDS exemption limit on rent 
increased to ₹6 lakh... No penalty on delayed TCS payments...