Nirmala Sitharaman: Finance Minister Nirmala Sitharaman has presented the country’s general budget on Tuesday. We are bringing some special points of the budget for you. After giving the third consecutive term to the Narendra Modi government, everyone had high expectations from this budget. The Finance Minister has tried to give something to everyone in the budget, poor, middle class and rich. The biggest relief for crores of new tax regime taxpayers of the country has come in the form of an increase in standard deduction. But, they have also got some disappointment due to increase in short term and long term capital gains tax and abolition of indexation benefit.
Salaried class and pensioners will benefit
Finance Minister Nirmala Sitharaman said during the budget speech that her main objective was to provide relief to employment, skill development, small industries and the middle class. This is the reason why the government has announced incentives for companies training staff. Corporate tax has been reduced for foreign companies. Also, cheap loans for higher education and Mudra loan have been doubled for the convenience of small businessmen. Apart from this, changes have also been made in the new tax regime. The Finance Minister said that this will save the salaried class Rs 17,500 annually. The deduction on family pension for pensioners has been increased to Rs 25,000. This will benefit about 4 crore people.
These big relief decisions were taken in the budget
The Finance Minister brushed aside the criticism of the opposition and said that apart from the assistance received by Bihar and Andhra Pradesh, assistance of Rs 1.5 lakh crore has been provided to all the states. Apart from this, the government has made three cancer drugs cheaper. Mobile phones and chargers will also become cheaper. Gold and silver have also become cheaper. Startups have been given relief by abolishing angel tax. A scheme for quick settlement of legal cases related to income tax has also been launched. TDS on e-commerce operators has been reduced from one percent to 0.1 percent. Capex has been kept at Rs 11.11 lakh crore in the financial year 2025.
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