*Union Budget 2025-26: Key Highlights and Provisions* The Union Budget 2025-26 presented by Finance Minister Nirmala Sitharaman outlines the government's spending plans and tax proposals. Here are the key highlights: Budget Documents - *Annual Financial Statement*: Provides a detailed account of the government's revenues and expenditures. - *Revenue Account*: Outlines the government's revenue receipts, including tax and non-tax revenues. - *Capital Account*: Details the government's capital receipts and expenditures, including investments in infrastructure and other assets. Taxation - *New Tax Regime*: A revised income tax slab with 5% tax on income between ₹4 lakh to ₹8 lakh and 10% tax on income between ₹8 lakh to ₹12 lakh. - *No Tax up to ₹12 Lakh*: Individuals with income up to ₹12 lakh will not have to pay income tax. Sectors and Industries - *MSME Investment Limit*: Increased to ₹20 crore, with turnover limit increased to ₹100 crore. - *Agriculture*: Launch of "Prime Minister Dhan-Dhaanya Krishi Yojana" to enhance agricultural productivity and promote crop diversification. - *Infrastructure*: ₹11.21 lakh crore allocated for capital expenditure, including projects in PPP mode. Social Welfare - *Gig Workers*: Healthcare benefits under PM Jan Arogya Yojana and identity cards. - *Senior Citizens*: Exemption from tax on withdrawals from National Savings Scheme accounts. - *Kisan Credit Cards*: Loan limit increased to ₹5 lakh. Expenditure Profile - *Defence*: ₹5.94 lakh crore allocated for defence expenditure. - *Education*: ₹1.12 lakh crore allocated for education expenditure. - *Health*: ₹89,155 crore allocated for health expenditure. Receipt Budget - *Tax Revenue*: Estimated to be ₹27.58 lakh crore. - *Non-Tax Revenue*: Estimated to be ₹3.73 lakh crore. - *Capital Receipts*: Estimated to be ₹12.33 lakh crore. These are just some of the key highlights from the Union Budget 2025-26. The budget aims to promote inclusive growth, accelerate development, and enhance the quality of life for citizens.