2025 Union Budget meetings to be held on february 1..?!

The Union Budget is going to be presented by nirmala sitharaman in parliament next week. It is noteworthy that she is going to present the Union Budget for the seventh time in a row on february 1. She was appointed as the Finance minister in 2019. Nirmalamma, who presented the budget five times in the last term, presented the full budget for the financial year 2024-25 once again in 2024 when the BJP-led nda government came to power. Now, there is a lot of discussion about what nirmalamma will present in her budget for the financial year 2025-2026. However, it is said that she is going to give a huge exemption on income tax this time.
Till now, there was a tax concession for those with an annual income of up to seven lakhs. Now, it is said that it will be increased to ten lakhs and given more relief. Similarly, it seems that there is a plan to impose a 25 percent tax on those with an annual income of fifteen to twenty-five lakhs. It is said that the central government is looking at increasing the income tax exemption amount to hugely benefit the wage earners and thus gain the favor of the middle-class working class. However, it is said that if tax concession is given for income between seven and ten lakhs, the central exchequer will lose a total of one lakh crore rupees. However, it is said that this policy will be followed to tame the wage earners.
It is said that nirmalamma will prominently mention new changes in the tax system in her budget. On the one hand, prices are increasing exponentially. Although income is coming in, it is not enough to cover expenses, so the middle class is struggling. In this context, it is hoped that nirmalamma will take steps to provide relief to them in the budget. The budget does not mean taking steps that benefit only the corporate powers but also wants to provide equal justice to the lower middle class. Now, there is a debate on whether any new schemes will be announced in the budget for the unemployed or policies that will pave the way for job creation for them.

However, it is said that the central government is thinking of providing skill training that will be useful for self-employment in the same way that is necessary for job creation. It is said that special subsidies and schemes will be announced for farmers as well. There is also a debate on what kind of benefits ap will get in the budget. Everyone is also watching with interest to what extent the central government will provide assistance in the amaravati capital and polavaram projects. What exactly will make Nirmalamma's budget shine is a matter of debate.
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Sowmiya Sriram

25/01/2025 03:24 PM