What was the budget of 2025 ??

The budget was presented by Finance Minister Nirmala Sitharaman on February 1, 2025, and was full of changes aimed toward accelerating the economic growth of the nation and bring in focus social aspects of work.

Income Tax Reforms

Another such great aspect of the budget is the huge tax relief to the middle class. The income tax exemption limit has already been raised from 8 lakhs to 12 lakhs so therefore people earning up to 12 lakh annually will be exempt from income tax henceforth.

Income Support Initiatives:

This year’s stress on agriculture was witnessed with the launching of PM Dhan-Dhaanya Krishi Yojana for the development of 100 agricultural districts benefiting nearly 1.7 crore farmers. Under Kisan Credit Card (KCC) scheme, limits for long-term loans up to ₹5 lakh will be provided so as not to put farmers, fishermen, and elite dairy farmers through extreme difficulty in accessing their loans.

This means a back-to-back six years’ Mission towards self-sufficiency regarding pulses, Tur, Urad, and Masoor has been announced for the very first time, thus altogether reducing import dependency concerning these three crops as one single mission.

Adaptive Science & Innovation: Investment

The Government is thus aptly assigning this Research & Development mission for the immense importance in the future–therefore pro-rating some ₹20,000 crores for essentially starting an R&D and innovation exercise largely driven by the private sector.

Ten thousand Ph.D. Fellowships under the Prime-Minister Research Fellowship will aim at technological research in IITs and IISc, which will be an excellent impetus for innovation and technological advancement.

Fiscal Discipline:

Further, it has further set a target for fiscal deficit at the end of FY 2025-26 at 4.4% of GDP, down from the revised 4.8% for this year, thus demonstrating a commitment to maintaining some fiscal discipline on the one hand while allowing for some support for the economy on the other. It intends to bring down the level of debt to GDP from 57.1% to about 50% by March 2031, in line with current practices of global fiscal policy.

Sectorial Impacts:

The budget’s thrust on middle-class spending power has had varied reactions from various sectors. Consumer goods companies have profited, expecting increased demand from higher disposable incomes. Similarly, there have been beneficiaries in the policies with automakers like real estate. In contrast, infrastructure firms have suffered a downturn due to only marginal increased capital spending. Insurance companies faced a decline because higher tax slabs are reducing incentives for tax-saving products.

What was Businessman, CEO and leadership reacted about Budget 2025 ?

Mr. Vikas Jain is Shaping the Future of Finance that what reacted ?

Mr. Vikas Jain, the Chief Advisor at Financeseva.Com and Constrique.Com, praised the Union Budget 2025, calling it a forward-thinking initiative designed to bolster the middle class and fortify MSMEs, ultimately establishing a foundation for inclusive growth.

He highlighted total measures such as zero tax on incomes up to ₹12 lakh, the enhancement of MSME loan guarantees to ₹10 crore, and the launch of the National Green Hydrogen Mission, describing them as indicative of a bold effort to boost paper incomes, stimulate business expansion, and promote strong.

He further stated that tax benefits for a second self-occupied house and the increase in the TDS threshold on rent help to lessen financial pressures, marking a significant change in the Budget’s approach to India’s growth history.

What impact of budget on regular life and small business man ?

• Yaa,it’s question is have all mind because all middle class family have not minded budget because this budget’s is free tax for middle class family because government decided if you earn 10 lakh per annum then you pay to government as per the rule.
• So many schema for farmer take advantage in 2025 of budget take so many advantage that famer freely worked.
• Budget 2025 is vital for the financial planning of middle-class families, their savings, and daily living expenses. It is of utmost importance to analyze how the budget would impact household finances with inflation rising and mismatching economic conditions and changing tax frameworks.
• The article provides a comprehensive analysis of Budget 2025, paying special attention to tax deductions, government schemes, saving strategies, and investment opportunities for middle-class families.

What is the Budget and Why It Matters?

The budget is one of the most important aspects of any nation as it affects government spending, revenues, and economic policy for the next financial period on a national basis. It Seriously impacts middle-class families through the following factors:

• Taxation regimes (Income tax slabs, deductions, exemptions)
• Cost of living (Fuel prices, prices of essential goods, inflation rates)
• Look  for saving and investment
• Look for employment and growth of business

Being aware of these trends will aid families in making better financial decisions.

How Middle-Class Families Can Benefit from Budget 2025

1. Smart Tax Planning

• Invest in tax-saving instruments like ELSS, PPF, and NPS.
• Maximize deductions under 80C, 80D, and 80E for maximum savings.
• Choose appropriate tax regimes per your financial goals.

2.Investing for the Future

• Look into the higher-return option of equity funds and SIPs.
• Plan for the children’s education by investing in Sukanya Samriddhi Yojana (SSY).
• Invests in a mix of stocks, bonds, and real estate.

3.Budget Management of Household Expenses

• Keep track of monthly expenses and eliminate unnecessary expenditures.
• Get subsidies on essential goods from the government.
• Use financial applications for better managing expenses.

4.Savings on Home and Loan

• Refinance home loans at lower interest rates.
• Consider government home loan schemes for first-time buyers.
• Claim home loan tax benefits under Section 80EE and 24(b).

5.Healthcare-and-Insurance Planning

• Invest in health insurance policies with comprehensive coverage.
• Claim tax deductions for medical insurance for yourself and your family.
• Enroll in government healthcare schemes to alleviate medical expenses.