Income tax new slab expanded from 7 lacs to 12 lakhs

 


🚨 Top Highlights of Union Budget 2025-26 🚨  


Here’s a quick snapshot of the key announcements, with a special focus on tax reforms:  

📌 Tax Reforms

✅ No Income Tax for income up to ₹12 lakh under the new regime.  

✅ Two Self-Occupied Properties can now be valued at Nil for tax purposes (up from one).  

✅ TDS Threshold on Rent raised to ₹6 lakh (from ₹2.4 lakh).  

✅ TCS on Education Loans up to ₹10 lakh removed for loans from specified financial institutions.  

✅ Time Limit for Updated Returns extended from 2 years to 4 years.  

✅ New Income Tax Bill to be introduced next week, focusing on simplification and ease of compliance.  

✅ TDS/TCS Rationalization: Reduced number of rates and adjusted thresholds to benefit the middle class.  

✅ Faceless Assessment and Taxpayer Charter to continue, with 99% of returns processed based on self-assessment.  


📌 Healthcare & Education  

✅ 10,000 additional medical seats in 2025-26; 75,000 seats targeted in 5 years.  

✅ 200 new cancer centers to be established.  

✅ 50,000 Atal Tinkering Labs in govt schools; broadband for all secondary schools.  


📌 Infrastructure & Economy

✅ Fiscal deficit target: 4.8% (FY25), 4.4% (FY26).  

✅ ₹1 lakh crore Urban Challenge Fund for city growth hubs.  

✅ Modified UDAN scheme to connect 120 new destinations.  

✅ 100GW nuclear energy target by 2047.  


📌 Agriculture & Rural Development

✅ Kisan Credit Card limit increased to ₹5 lakh.  

✅ 6-year ‘Atmanirbharta Mission’ for self-reliance in pulses.  

✅ Makhana Board to be set up in Bihar for value addition.  


📌 MSMEs & Startups

✅ Credit guarantee cover for MSMEs raised to ₹10 crore.  

✅ DeepTech Fund of Funds to boost tech innovation.  

✅ FDI in insurance hiked to 100%.  


📌 Women & Youth Empowerment

✅ New scheme for SC/ST women offering 5-year term loans.  

✅ 5 National Centers of Excellence for Skilling to equip youth.  

✅ Saksham Anganwadi & Poshan 2.0 to benefit 8 crore children & 1 crore mothers.  


📌 Tourism & Culture 

✅ Homestays to get Mudra loans; medical tourism to be promoted.  

✅ Top 50 tourist destinations to be developed with states.  


📌 Green Energy & Sustainability

✅ Incentives for renewable energy projects.  

✅ Mission for solar PV cells, electrolysis, and grid-scale batteries.  


This budget focuses on growth, inclusivity, and sustainability, paving the way for a #ViksitBharat!

Feel free to contact us for more information
Call: +91-7338094513     |     Website: www.evamerafunds.com
Email: evamerafunds@gmail.com

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