Key highlights of Union Budget 2025-26: 1. Total Budget size for FY2526 is 50.65 Lacs Crores around, increase of 7.4% from last budget size of 48.2 Lacs Crores. 2. Fiscal Deficit for FY25 revised to 4.8% & For FY2526 is 4.4%. Marginal improvement than previous FY2425. 3. Capex or Capital Expenditure for FY25 revised at 10.18 Lacs. For FY2526 is at 11.2 lacs crores increase of 10% from revised capex of FY2425. 4. Government market Borrowings reduced at 14.82 Lacs crores for FY2526. 5. Nominal GDP growth(Real GDP plus Inflation) at 10.1% for FY2526 6. Long term Capital gain tax Keep unchanged to 12.5% for FY2526. 7. Short term Capital gain tax Keep unchanged to 20% for FY2526. 8. No income tax up to 12 Lacs per year for all and 12.75 lacs for all salaried employees including 75k standard deduction. 9. Simplified tax structure will be proposed in new income tax Bill next week. 10. TDS limit doubled to senior citizens from 50k to 1 lacs for FY2526. 11. TDS limit for Rent income increased to 6 lacs per year from 2.4 lacs previous limit for FY2526. 12. TCS limit increased to 10 lacs from current 7 lacs for FY2526. 13. FDI limit increase to 100% from 74% for Insurance sector for FY2526. 14. To provide 1.5 lacs crores for states for 50 years interest free loan for infrastructure development. 15. New funds of Funds for startup set to 10k for Fy2526. 16. Budgetary allocation for Defense around 4.91 Lacs crores. 17. Budgetary allocation for rural development around 2.67 lacs crores. 18. Agriculture & allied sector 1.72 lacs crores. 19. Home affairs sector 2.33 lacs crores. 20. Education sector 1.29 lacs crores. 21. IT & telecom sector 95.3k crores. 22. Health sector 98.3k crores. 23. Energy sector 81.1k crores. 24. Social welfare sector 60k crores. 25. Commerce & Industry sector at 65.5k crores.