New Delhi:
In the general budget of this time, Finance Minister Nirmala Sitharaman has taken special care of the new income tax slab to the middle class as well as many other areas including defense, education, health. As soon as Nirmala Sitharaman announced the new income tax slab, he has reduced the tax burden over the middle class, as well as he has extended his announcements a step further towards becoming India. After the announcement of the new slab of income tax, now people with income up to Rs 12 lakh will not have to pay any tax. Whereas if your income is more than this, then you will have to pay tax. The Finance Minister has also announced tax rates for people with income of more than 12 lakhs. That is, if the taxable income of the taxpayer is less than Rs 12 lakh, then it will get 100 % relief from the income tax, but the taxpayers whose taxable income will be more than 12 lakhs, they will have to pay tax on the basis of different slabs. Let us tell you how much budget has been allocated by Nirmala Sitharaman …
Who got the budget from defense to scientific department
In this general budget, a budget of Rs 4,91,732 crore has been allocated to the defense sector. Similarly, 2,66,817 crore for rural development, 2,33,211 crore for the Ministry of Home Affairs, 1,71,437 crore for agriculture and related activities, 1,28,650 crore in education, Rs 98, 311 crore in the field of health . A budget of crores of rupees has been allocated.
Government increased the budget of the Ministry of Environment nine percent
The central government has allocated Rs 3,412.82 crore to the Ministry of Environment in the Union Budget of FY 2025-26, which is nine percent more than Rs 3,125.96 crore in 2024-25. In the budget, more funds have been allocated for ecosystem protection, wildlife conservation and expansion of forest sector. The ‘National Mission for a Green India’ working to expand the forest area, protect existing forests and prevent forest fire will get Rs 220 crore in 2025-26, which is more than Rs 160 crore in the previous year. . Natural resources and ecosystem for protection have also been increased from Rs 30 crore to Rs 50 crore. Under this component, the budget for biodiversity conservation has been increased from Rs 3.5 crore to Rs 10 crore, which is almost three times the increase.
Some important announcements of the budget
- Apart from income tax slabs, some more big announcements have been made in the budget:
- Broadband internet will be given in all government secondary schools and primary health centers (PHC) of the villages.
- Under the Indian Language Book Scheme, Indian languages books will be provided digital for schools and colleges.
- The competent Anganwadi and nutrition 2.0 scheme has benefited more than 8 crore children and 1 crore pregnant and breastfeeding mothers.
- In the next 3 years, day-care cancer centers will be opened in all district hospitals. 200 new centers will be built in 2025-26
Announcement to remove delay in TDS TDS payment in Budget 2025 from the category of crime
Finance Minister Nirmala Sitharaman has announced the removal of delay in TDS payment from the category of crime in the budget. This means that if a person or company is unable to deposit TDS on time, but files its details by the due date, then it will not be considered a crime anymore. Apart from this, the same change has been made in the rules of TCS ie Tax Collection at Source. This will provide some relief to traders and companies, as the first TDS or TCS could have taken legal action.
