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Union Finance Minister Nirmala Sitharaman will present the General Budget 2025 in the Lok Sabha on 1 February 2025. This will be the second budget of the third term of the Modi government. Earlier, the Finance Minister presented the budget after the formation of the government on 23 July 2024. This time the budget is expected to have many important announcements for taxpayers, farmers and investors. Let’s know the major information related to this budget.
Budget 2025: date and time
- Finance Minister Nirmala Sitharaman will present the budget on 1 February 2025.
- The budget speech will start at 11 am.
- The budget will be broadcast live on Parliament TV, Doordarshan and Government YouTube channels.
Where will the Budget 2025 documents be found?
- This budget will also be completely paperless.
- Budget documents will be available in Hindi and English on “Union Budget Mobile App”.
- Complete information related to budget www.indiabudget.gov.in You will also get on the website.
What are the expectations from budget 2025?
1. Taxpayers can get relief
This time the budget is expected to change the income tax rate.
- The new tax regime can be made more attractive.
- It has been recommended to reduce tax rates for those earning ₹ 15 lakhs annually, which will save more money in people’s pockets and promote economic activities.
- Tax advisers are of the opinion that taxpayers should get freedom to choose a tax plan according to their own.
2. Farmers likely to get relief
The farmer class also has high expectations from this budget.
- The government can increase the amount received under the PM Kisan Samman Nidhi Scheme by ₹ 12,000 per annum.
- The limit of Kisan Credit Card (KCC) loan is expected to be increased from ₹ 3 lakh to ₹ 5 lakh.
3. Private investment will get a boost
- The government may implement some new policies to increase private sector investment.
- This is likely to create new job opportunities.