UNION BUDGET 2025 TAX SLAB FOR EARNING PERSON AND WHAT IS THERE FOR MIDDLE CLASS HIGHLIGHTS ?

1.MAIN HIGHLIGHT OF BUDGET 2025 - Union Finance Minister Nirmala Sitharaman presented her 8th budget on Saturday, February 1, 2025. The Budget announcement brought a series of key announcements for the nation's middle class. One of the most discussed developments among the budget announcements has been no income tax up to ₹12 lakh. The Finance Bill is set to be tabled next week, according to the finance minister. The first part of the Parliament's Budget session began on January 31 and will end on February 13, 2025. The second part will commence on March 10 and conclude on April 4, 2025 2. FINANCE MINISTER Nirmala Sitharaman's 8th budget speech On Parliament 2025 - Union Budget 2025 Highlights: The Indian government aims to support “Clean Tech Manufacturing" to improve domestic value addition, jobs and build an ecosystem for solar PV cells, EV batteries, motors and controllers, electrolysers, wind turbines, very high voltage transmission equipment and grid-scale batteries, according to the budget announcement

KEY POINTERS OF UNION BUDGET 2025 - • Union Budget 2025 Highlights: India exempted basic customs duty on Wet Blue Leather • Union Budget 2025 Highlights: Govt to launch ‘Customized Credit Card’ with ₹5 lakh limit for Micro Enterprises • Budget 2025 Highlights: FM Sitharaman on New Income Tax says, ‘Everyone is getting benefits • Budget 2025 Highlights: According to the Budget announcement, a new Urea plant is to be set up in Namrup, Assam. The plant is set to have an annual capacity of 12.7 lakh metric tonnes • central government would create a “Makhana Board" in Bihar to improve the production, processing, value addition, and marketing of Makhana. • According to the budget announcement, India aims to generate 22 lakh jobs in the economy through a newly launched “Focus Product Scheme" in the footwear and leather industry. • According to the Budget announcement, the New Income Tax Bill, which is set to be tabled next week, will be 50% less in text compared to the present law. With this move, the government aims to simplify the topic of taxation for taxpayers and the tax administration. They also aim to create tax certainty and reduce litigation. • The exemption of 36 lifesaving drugs and medicines from the basic customs duty (BCDs) on Saturday, February 1 • The government hiked the MSME investment and turnover limits 2.5 and 2 times, respectively, in the Union Budget 2025 announcement • Union Budget 2025 Highlights: Union Minister Hardeep Singh Puri told ANI, "In every respect, it's an outstanding budget. I want to compliment the finance minister. It's her eighth budget, and this is a budget which caters to all sections of the economy. But more than that, it provides a kind of relief to the salaried middle class, which is very welcome and was anticipated partly.