The Hon’ble Finance Minister presented the Union Budget 2025 on 01 February 2025 in the Lok Sabha. We bring you the key highlights proposed in Finance Bill 2025.
Pleased to share the pivotal points from India's Budget 2025, which underscores our commitment to People, Innovation, and Manufacturing.
- Big bonanza Relief for low-income and middle-income taxpayers: The Finance Minister has focussed on boosting consumption by putting more money in the hands of people. Budget 2025 focussed on personal income tax payers’ delight. A salary income earner with total income of upto INR 12.75 lakhs will not pay any tax thanks to the increase in tax rebate from INR 25000 to INR 60000.
- MSME Empowerment: Doubling the credit guarantee to MSMEs from INR5 crore to INR10 crore is expected to stimulate small business growth, job creation, and economic resilience.
- Manufacturing Mission: The National Manufacturing Mission could significantly advance India's 'Make in India' initiative, promoting large-scale manufacturing and sustainable production, leading to increased global competitiveness.
- R&D Investment: Allocating INR20,000 crore for private-sector-driven R&D and innovation initiatives may result in technological breakthroughs and a stronger innovation ecosystem.