Budget 2025-26: Good news for taxpayers! Will you get 2 big gifts in income tax? – StudyToperC

There is a lot of enthusiasm about India’s upcoming budget 2025-26. Experts believe that taxpayers can get two big gifts in this budget. This budget aims to not only strengthen the country’s economy, but also to reduce the burden falling on the pockets of ordinary citizens. The Finance Ministry has indicated that some significant changes can be made in the tax regime in this budget.

In this budget, the government’s focus is expected to be on middle class and employed people. Efforts can be made to make the new income tax regime more attractive. Also, new provisions can be brought to encourage investment in many areas. Let us know which major gifts can be received by taxpayers in budget 2025-26.

Budget 2025-26 main things

Before knowing about Budget 2025-26, let’s take a look at some of its main things:

First big gift: change in new income tax regime

In Budget 2025-26, the first major gift to taxpayers can be a possible change in the New Income Tax Regime. Some important steps can be taken to make this new tax structure more attractive:

1. Changes in tax slab: Tax slab can be further liberal in the new regime. With this, taxpayers will have to pay less tax.
2. Standard deduction: Standard deduction can be provided in the new tax regime, which is currently available in the old regime.
3. Increase in exemption limit: Tax-free income limit can be increased, which will provide relief to low income people.
4. Simplification: The tax calculation process can be further simplified, which will help taxpayers to understand and fill their tax easily.

These changes can lead to new income tax regime and more popular, which will motivate more and more people to adopt it.

Second Bada GIFT: Investment Incentive Schemes

In Budget 2025-26, the second major gift of taxpayers can be in the form of incentive schemes. The government can bring many new schemes and provisions to promote investment in various fields:

1. Infrastructure Bonds: The government can give additional tax exemption on investment in infrastructure bonds.
2. Green Energy Investment: Special benefits can be given to those investing in the renewable energy sector.
3. Startup Investment: New tax incentives can be announced for those investing in startups.
4. Digital Economy: Special schemes can be introduced to encourage investment in digital sector.

These investment incentive schemes will not only give taxpayers a chance to increase their savings, but will also get an opportunity to contribute to the development of the country.

Special provisions for middle class

Budget 2025-26 can make some special provisions for the middle class:

1. Interest exemption on home loan: The limit of interest exemption on home loan can be increased.
2. Education loan: Tax exemption on education loan can be increased.
3. Health Insurance: The exemption limit on health insurance premium can be increased.
4. Pension Schemes: Additional tax benefits can be given on investment in pension schemes like NPS.

These provisions will help the middle class better manage their income and save for the future.

Benefits for employed class

In Budget 2025-26, the employed class can also be taken into consideration:

1. Transport Allowance: The tax-free limit of transport allowance can be increased.
2. Food coupon: The discount on food coupons or mile vouchers can be increased.
3. Work from Home Allowance: A new tax-free allowance can be started for Work from Home.
4. Skill Development: Tax exemption can be given on expenditure on skill development.

These benefits will help the employed class to better use their income and increase their purchasing power.

Promoting digital economy

In Budget 2025-26, some special provisions can be made to encourage digital economy:

1. Digital Payment: Special discounts or cashback schemes to promote digital payments.
2. E-commerce: Tax incentive to encourage online business.
3. Fintech: Special benefits for Fintech companies.
4. Cyber ​​security: Additional tax exemption on investment in cyber security.

These provisions will promote digital economy and help in taking the country’s economy to the digital age.

Green Energy and Sustainable Development

Budget 2025-26 can also pay attention to environmental protection and sustainable development:

1. Solar Panel: Additional tax exemption on installation of solar panels in homes.
2. Electric vehicles: Special discounts or subsidies on the purchase of electric vehicles.
3. Green Building: Tax Benefits on Construction of Environmentally friendly buildings.
4. Recycling: Encouragement on investment in recycling and waste management.

These provisions will not only help in environmental protection, but will also create new employment opportunities in the field of green technology.

Startup ecosystem promoted

Some important steps can be taken to strengthen the startup ecosystem in Budget 2025-26:

1. Tax Holiday: Tax holiday duration can be extended for new startups.
2. Angel Tax: Tax rules can be exempted for Angel investors.
3. R&D expenditure: Additional tax exemption on expenditure incurred on research and development.
4. ESOP Taxation: Improvement in tax rules on ESOP (Employee Stock Ownership Plan).

These provisions will help startup to increase their business and encourage innovation.

Disclaimer:

This article is only for informative purposes. The information given about Budget 2025-26 is based on estimates and opinion of experts. The actual budget announcements may vary from this. Please confirm from authorized sources before taking any financial decision and seek professional advice. Writers or publishers are not responsible for any loss or result caused by the use of this information.