*Union Budget 2025 – Key Highlights for Professionals* The Union Budget 2025 emphasizes growth, infrastructure, financial sector reforms, and social development. With a strong focus on rural progress 🚜, manufacturing 🏭, technology 🤖, and financial inclusion 💰, the government has introduced several game-changing policies. 🔹 Top Macro Themes ✅ Economic Stability & Growth 📈 – Balancing fiscal responsibility with high-impact development ✅ Infrastructure Push 🏗 – Urban & rural transformation with major investments ✅ Financial Sector Reforms 💵 – Simplified taxation, FDI liberalization, and ease of doing business ✅ Social Welfare & Inclusion 🏡 – Focus on the poor, women, and youth ✅ Technology & AI 🤖 – AI, R&D, and digital economy expansion 🏦 Key Financial & Business Announcements ✅ New Income Tax Bill 📜 to be introduced next week – aimed at simplification & ease of compliance ✅ No Income Tax up to ₹12 lakh 💰 – Biggest tax relief for middle-class taxpayers! ✅ TDS & TCS Rationalization 📉 – Major ease in tax compliance ✅ Senior Citizens’ Tax Relief 👴👵 – Exemption limit raised to ₹1 lakh ✅ TDS on Rent 🏠 – Threshold increased from ₹2.4 lakh to ₹6 lakh ✅ TCS Removed 🚫 on education-related foreign remittances ✅ Updated Return Filing Window ⏳ extended to 4 years (from 2 years) 💰 Financial Sector & Investment Reforms ✅ 100% FDI in Insurance Sector 🏦 – If the entire premium is invested in India ✅ 100% FPI in Insurance 📊 – Higher global investor participation ✅ Simplified RE-KYC Process 📑 – Ease of business for banks & NBFCs ✅ Major Boost to Private Sector R&D 🔬 – ₹20,000 crore investment ✅ Ease of Credit for MSMEs 🏭 – Special credit card for small businesses 🏗 Infrastructure & Urban Development ✅ ₹1 Lakh Crore Fund for Urban Development 🏙 – Smart city expansion ✅ More Cities Under ‘Udaan’ 🛫 – New airport in Bihar ✅ 40,000 Housing Units 🏡 under the SWAMIH scheme ✅ Special Fund for State Infrastructure 🏗 – Interest-free loans for projects 📚 Education & Skill Development ✅ More IITs & Medical Seats 🎓🏥 – 75,000 additional medical seats in 5 years ✅ AI Research Centers 🤖 – ₹500 crore allocated for AI-driven innovation ✅ Broadband in All Govt. Schools 🌐 – Digital transformation in education ✅ Focus on Indian Languages 📖 – Higher education to promote regional languages 🌾 Agriculture & Rural Development ✅ Kisan Credit Card Limit 💳 increased to ₹5 lakh ✅ Dhan Dhanya Yojana 🌾 launched in 100 districts ✅ New Makhana Board 🍘 set up in Bihar ✅ Special Scheme for Pulses Production 🌱 – Central agencies to procure pulses for 4 years ✅ Urea Plant in Assam 🏭 – Boosting fertilizer self-reliance 📦 Manufacturing, Exports & Industry ✅ National Manufacturing Mission 🏗 – Boosting India’s global competitiveness ✅ Special Scheme for Leather & Footwear Industry 👞👜 – 22 lakh jobs expected ✅ India to Become a Global Toy Hub 🧸 – Special incentives for toy manufacturers ✅ New Mining Policy ⛏ – Facilitating sustainable resource extraction ✅ ₹20,000 Cr Investment in R&D 🔬 for industrial innovation ✅ New Export Promotion Schemes 📦 – Easier access to funds for exporters ⚛ Technology & Energy ✅ Increased Focus on Nuclear Energy ⚛ – Targeting self-reliance by 2047 ✅ Special Scheme for Shipbreaking Industry 🚢⚙ – Boosting blue economy ✅ Custom Duty Reforms 🏭 • Duty removed 🚫 on 36 life-saving medicines 💊 • No primary duty on lead & zinc ⚒ • Custom duty changes 📱 on electronic goods & crust leather 🏝 Tourism & Cultural Development ✅ 52 Tourist Destinations 🏝 – Developed in collaboration with states ✅ Buddhist Heritage Sites 🏯 – Promoted for global tourism ✅ Indian Scripts Preservation Scheme 📜 – Digital archiving of ancient texts 🎉 Biggest Announcement 💥 No Income Tax on earnings up to ₹12 lakh! 💰🎊 Best Regards, CA Raviteja minchala