भारतीय पू र्ण बजट 2025-2026 की मु ख्य विशेषताएं

インドの2025-2026年度予算のハイライト

Aspectos destacados del presupuesto

completo de la India 2025-2026
2025-2026 年印度完整预算的要点

Faits saillants du budget complet

indien 2025-2026
Highlights of Indian Full
Budget 2025-2026

Punti salienti del bilancio provvisorio indiano 2025-2026

Highlights of Indian Full Donec 2025-2026
2025-2026년 인도 전체 예산의 하이라이트

Chartered Accountants
Chartered Accountants
2025-26

Keywords - 3

General Budget - 4

Tax Proposals -16

2
2025-26

3
2025-26

General Budget

4
2025-26

Growth to
expand at 6.5%

Going Forward
in 2025-26 Steady amidst
global

Durable Trade
uncertainties
Global Economic Survey
Exports USD headwinds ask

Healthy Growth
602.6 billion high economic
Trade Dynamic

Steady in 9 month activities

Protectionism
Growth at ended
(Geo-Political)
7% in 2024- FY2024-25,
rising in Global
25 growth of 6% Ensuing potential
trade
Foreign to become 3rd-
Increasing largest world
exchange
concentration of 5th largest economy (2028)
reserves USD
trade globally, - GDP USD 5
640.3 billion
relationships like slated to trillion
(Dec 24)
Russia-China become 4th in
2026

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2025-26

World Growth %
8
2024 2025 2026
7

6 6.5

5
4.9
4 4.5 4.4
4.1 4.2

3 3.3
2.7
2 2.5
2
1.8 1.7 1.7
1 1.5 1.5

0
India China United United States ASEAN Advanced Emerging and Emerging and Euro area European Latin America Major Middle East Sub-Saharan World
Kingdom economies Developing Developing Union and the advanced and Central Africa
Asia Europe Caribbean economies Asia
Source: IMF WEO (G7)

 India’s real GDP grew @ 7% in 2024 and projected to grow @ 6.5 % in 2025 as well as 2026
 Fueled by broad gains from supply-side reforms, relaxed regulations, export growth, and ample fiscal space
to ramp up capital spending
 Promising horizon for comprehensive development is emerging across all sectors. There's a noticeable
macroeconomic stability, though challenges persist in the external sector

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2025-26

“Global environment
– political and economic – will
influence India's growth outcomes”

Gritty Tax
Source: Economic Survey

Softening Fiscal Deficit

Tax to GDP
ratio is 11.9%

Easy Revenue Deficit

(FY24-25) vs Reduced
11.7% (FY23- Revenue Fiscal deficit

Calm Inflation
24) deficit - of 4.8% Inflation Low
1.9% (FY24- (FY24-25) of (Wholesale - WPI)
25) of GDP GDP lower 2.37% (Dec 24) vs
Direct tax to compared to
GDP – 7.0% compared to 2.61% (Jun 24 )
2.6% (FY23- 5.6% (FY23-
Indirect tax to 24)
GDP – 4.9% 24) Consumer Inflation
(CPI) lower at
4.8% (Dec 24) vs
Tax growth – 5.1% (Jun 24)
10.8% (FY24-
25)

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2025-26

Revenue (Rupee comes from ) Expenditure (Rupee goes to )

30% Borrowings 30%

and other States Share
Liabilities Income Tax of Taxes and
24% 22% Duties 22% Interest
25% 25% Payments
GST & Other 20%
Taxes 18% Corporation
Tax Central Sector
20% 20% Schemes
17% Finance
16% Commission
Non Tax and Other Centrally
15% Revenue 15% Transfer Sponsored
9% 8% Schemes
8%
Union Excise Other
10% Duties 5% 10% expenditure Defence
8% 8%
Subsidies
Customs 6%
5% 4% Non Debt 5%
Capital Pensions
receipts 4%
1%
0% 0%

% of Revenue % of Expenditure

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2025-26

Agriculture
MSME Growth

Human Capital

Budget Priorities
Innovation
Urban Boost

Tourism

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2025-26

Agriculture Augment

• Developing Agri Districts Programme to cover 100 districts and likely to help 1.7 crore farmers
• Enhanced Credit - Facilitate short term loans for 7.7 crore farmers, fishermen, and dairy farmers with enhanced loan of ₹5 lakh
• Makhana Board - set up to improve production, processing, value addition, and marketing and organisation of Farmers Producer
Organisation (FPO)

Mission Yield

• National Mission on High Yielding Seeds - Targeted development and propagation of seeds with high yield, pest resistance and climate
resilience
• Mission for Cotton Productivity - 5-year mission to facilitate improvements in productivity and sustainability of cotton farming

Pulses in action

• 6-year Mission with special focus on Tur, Urad and Masoor

• Development and commercial availability of climate resilient seeds
• Enhancing protein content
• Increasing productivity
• Improving post-harvest storage and management, assuring remunerative prices to the farmers

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2025-26

Institutional Support

• Saksham Anganwadi and Poshan 2.0 - Integrated Nutrition Support Programme. Cost norms for the nutritional support be enhanced
• Expansion of Capacity in IITs
• Day Care Cancer Centres in all District Hospitals

New AI Labs

• Centre of Excellence in Artificial Intelligence for education with a total outlay of ₹500 crore
• Atal Tinkering Labs: 50 Thousand Labs to be set up in government schools in next 5 years
• National Centres of Excellence for skilling to be set up with global expertise and partnerships
• Bharatiya Bhasha Pustak Scheme: provide digital- form Indian language books for school and higher education

Expansion

• Expansion of medical education: 10,000 additional seats with the goal of adding 75,000 seats in the next 5 years
• Micro loan scheme (SVANidhi) be revamped with enhanced loans from banks, UPI linked credit cards and capacity building support
• Broadband connectivity for all government secondary schools and primary health centres in rural areas

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2025-26

Urban Le(gen)nd

• Urban Challenge Fund - ₹ 1 lakh crore to implement the proposals for ‘Cities as Growth Hubs’, ‘Creative Redevelopment of Cities’ and
‘Water &Sanitation
• Asset Monetization Plan 2025-30: launched to plough back capital of ₹ 10 lakh crore in new projects
• Support to States for Infrastructure: With an outlay of ₹ 1.5 lakh crore, 50-year interest free loans to states for capital expenditure and
incentives for reforms

Utility Advance

• Jal Jeevan Mission, - safe and adequate drinking water - achieve 100 % coverage, the mission extended till 2028 with an enhanced
total outlay
• Power Sector Reforms: Incentivize distribution reforms and augmentation of intra-state transmission. Additional borrowing of 0.5 % of
Gross State Domestic Product (GSDP) to states, contingent on these reforms

Nuclear Flight

• Active private section partnership - Nuclear Energy Mission for Viksit Bharat: Amendments to the Atomic Energy Act and Civil Liability for
Nuclear Damage Act
• UDAN: Regional flight connectivity to 120 new destinations and carry 4 crore passengers in the next 10 years
• Housing - SWAMIH Fund-2 ₹ 15,000 crore for expeditious completion of one lakh dwelling units through blended finance

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2025-26

State in Tow

• Top 50 tourist destination sites to be developed in partnership with state

• Performance-linked incentives to states

Travel Convenience

• Introducing streamlined e-visa facilities

• Ease of travel and connectivity to tourist destinations

Homestays in Vogue

• MUDRA loans (available to non-farm micro or small enterprises) for homestays

• Intensive skill-development programmes for youth

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2025-26

Research

• R&D: Allocating ₹ 20,000 crore to implement private sector driven Research, Development and Innovation initiative
• PM Research Fellowship - provide ten thousand fellowships for technological research in IITs and IISc

Knowledge Bank

• Gene Bank for Crops Germplasm - 2nd Gene Bank with 10 lakh germplasm lines for future food and nutritional security
• Gyan Bharatam Mission - Documentation and conservation of our manuscript heritage to cover more than 1 crore manuscripts
• National Digital Repository of Indian knowledge systems for knowledge sharing

Mission Geospatial

• National Geospatial Mission - To develop foundational geospatial infrastructure and data

• Using PM Gati Shakti, facilitation of modernization of land records, urban planning, and design of infrastructure projects

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2025-26

MSME Loan MSME Support MSME Class Product Focus Easy Produce

Product Scheme for

Footwear &
Leather Sectors:
Credit Cards for Classification criteria Facilitate
Micro Enterprises: revised: employment for 22
Customised Credit Enhancement of lakh persons,
Cards with a ₹ 5 Turnover limits
credit availability increased for Micro generate turnover Manufacturing
lakh limit for micro with guarantee cover of ₹ 4 lakh crore mission with the
enterprises enterprises from 5
for MSE increased crore to 10 crore and exports of mandate to focus
registered on from 5 crore to 10 over ₹1.1 lakh on
Udyam portal. In crore and for startup crore
the first year, 10 • Availability of
increased from 10 to Turnover limits Toy Sector: technology;
lakh such cards will 20 crore
be issued increased for Small development of • Quality products;
enterprises from 50 clusters, skills, and
crore to 100 crore a manufacturing • Clean tech
Exporter MSME manufacturing for
A new scheme to credit guarantee ecosystem - create
provide term loans high-quality, climate-friendly
cover for term loan Turnover limits development
up to ₹2 crore upto 20 crore increased for Medium unique, innovative,
during the next 5 enterprises from 250 and sustainable
years to first time crore to 500 crore toys to represent
entreprenuers the 'Made in India'
brand

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2025-26

Tax Proposals

16
2025-26

Direct Tax

Indirect Tax

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2025-26

New code
o New Income Tax Bill to be introduced soon

o NIL tax limit enhanced from ₹7 lakh income to ₹12 lakh income. Post standard deduction limit is ₹12.75 lakh
Income Tax
o New Tax Regime - Those with income above ₹25 lakh will benefit about ₹1.10 lakh
Rates
Income Tax “New Tax Regime Slab”

Taxable Income Slab (Rs.) Tax rates

4-8 Lakh (earlier 3-7) 5%
8-12 Lakh (earlier 7-10) 10%
12-16 Lakh (earlier 10-12) 15%
16-20 Lakh (earlier 12-15) 20%
20-24 lakh (earlier NA) 25%
Above 24 Lakh (earlier above 15) 30%

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2025-26

Personal o FD interest TDS deduction limit for senior citizens doubled from ₹ 50,000 to ₹1 lakh
o Rent TDS - annual limit of ₹2.40 lakh increased to ₹6 lakh

Belated
compliance o Extension of time-limit to file updated returns, from the current limit of two years, to four years

o Threshold to collect tax at source (TCS) on remittances under RBI’s Liberalized Remittance Scheme (LRS) is
proposed to be increased from ₹7 lakh to ₹10 lakh
o Remove TCS on remittances for education purposes, where remittance is a loan from specified financial
TCS institution
o Both TDS and TCS are being applied on any transaction relating to sale of goods, TCS is to be omitted

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2025-26

o Provisions of the higher TDS deduction will now apply only in non-PAN cases
TDS o Delay for payment of TDS up to the due date of filing statement was decriminalized in July 2024. Proposed
same relaxation to TCS provisions as well

House property o Presently tax-payers can claim the annual value of 1 self-occupied property as NIL
tax o Proposed to allow the benefit of two such self-occupied properties resulting in saving in tax on deemed rent

Startup o Period of incorporation extended by 5 years to allow the tax benefit available to start-ups which are
incorporated before 1.4.2030

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2025-26

MNC o Currently Transfer Pricing (TP) audit is conducted yearly

International o New Scheme for TP Audit for a block period of three years in line with global best practices
tax o Scope of safe harbour rules being expanded - reduce litigation and provide certainty in international taxation

o Presumptive taxation regime for non-residents providing services to a resident company establishing or
operating an electronics manufacturing facility
Electronic
o Safe harbour for tax certainty for non-residents who store components for supply to specified electronics
manufacturing manufacturing units

o Specific benefits to ship-leasing units, insurance offices and treasury centres of global companies which are set
IFSC up in International Financial Services Centre (IFSC)
o To claim benefits, the cut-off date for commencement in IFSC extended by five years to 31.3.2030

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2025-26

o Alternate Investment Funds (AIFs) - Category I and category II AIFs are undertaking investments in infrastructure
Investments and other such sectors
funds o Provide certainty of taxation to these entities on the gains from securities

Sovereign and
o Promote funding from Sovereign Wealth Funds and Pension Funds to the infrastructure sector, proposed to
Pension Funds extend the date of making an investment by five more years, to 31st March, 2030

o Interest is no longer payable on old National Savings Scheme (NSS) accounts. Accordingly, proposed to exempt
National withdrawals made from NSS by individuals on or after the 29th of August, 2024
Savings Scheme o National Pension Scheme (NPS) Vatsalya accounts (for Minor) to be on par with NPS for deductions

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2025-26

o Period of registration for small charitable trusts/institutions increased from 5 years to 10 years, reducing
compliance burden
Charitable
Trusts o Also proposed that disproportionate consequences do not arise for minor defaults, such as incomplete
applications filed by charitable entities

o No Equalisation Levy of 2% for e-commerce supply of goods or services from 1st August, 2024
o Non-reporting of small foreign assets has penal consequences under the Black Money Act. Such non-reporting
of movable assets up to ₹20 lakh is proposed to be de-penalized
Easy
o Decriminalize late payment of tax deducted at source (TDS), if the payment is made before the time
prescribed for filing the TDS statement

Reduce
o Increase monetary limits for filing appeals related to direct taxes, excise and service tax in the Tax Tribunals,
Litigation High Courts and Supreme Court to ₹60 lakh, ₹2 crore and ₹5 crore respectively

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2025-26

Make in India MRO Medical Handicraft Shipping

• Cancer, rare
diseases - 36
lifesaving • Export promotion
drugs/medicines in – duty free inputs
exempted list of for handicraft
Basic Customs Duty • Continue the
Exemption of Basic exemption of BCD
Customs Duty (BCD) Maintenance Repair on raw materials,
to and Overhaul - • 6 medicines in • Extend the time components,
exemption for 10 concessional 5% duty period for export consumables or
• Open cell for years on goods for from six months to parts for the
LED/LCD TV, ship building and list one year manufacture of
• Looms for textiles, ships for breaking, ships for another
extension of time • Specified free ten years
• Capital goods for limit for export of • Fully exempt BCD
lithium ion battery medicine given by on Wet Blue • Same exemption
railway goods Pharma companies
of mobile phones imported for repairs leather to facilitate for ship breaking
and EVs under programmme - imports for to make it more
37 medicines and 13 domestic value competitive
new patient addition and
assistance employment
programmes in
exempt Basic Customs
Duty list

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2025-26

Critical Mineral Marine Assessment Compliance End use Time

Time limit for the

end-use of
imported inputs in
the relevant rules,
from six months to
• Reduce BCD from Enable importers or one year, provide
Fully BCD exempt 30% to 5% on exporters, after
cobalt powder and operational
Frozen Fish Paste clearance of flexibility in view
waste, the scrap of (Surimi) for Propose to fix a goods, to
lithium-ion battery, time-limit of two of cost and
manufacture and voluntarily declare uncertainty of
Lead, Zinc and 12 export of its years, extendable by material facts and
more critical a year, for finalising supply
analogue products pay duty with
minerals the provisional interest but without
• Reduce BCD from assessment, currently
Give fillip to their 15% to 5% on fish penalty, incentivise Such importers will
processing no time-limit defined voluntary now have to file
hydrolysate for
especially by manufacture of fish compliance only quarterly
MSMEs and shrimp feeds statements instead
of a monthly
statement

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