Union Budget 2025: The budget 2025 of the central government, led by Prime Minister Narendra Modi, will be presented on February 1, 2025. Finance Minister Nirmala Sitharaman will present her 8th budget on February 1, 2025, for which preparations are in full swing.
This time, along with all the other sectors, the health sector has very high expectations from the Modi government’s budget. In addition to tax reforms in healthcare, there is a demand for measures to promote innovation.
Health sector
Everyone wants the budget to meet their expectations. Experts say Finance Minister Nirmala Sitharaman can make some big announcements for significant sectors and include income tax exemption in the budget this time. Everyone’s eyes are fixed on Budget 2025. It is also being said that the allocation for the health sector can be increased.
According to experts, the health allocation in the Union Budget 2025 can be increased by 10 per cent. Last year, Rs 90,958 crore was allocated for health in the general budget. If it increases by 10 per cent, the total figure will cross Rs 1 lakh crore. The government has increased its focus on health insurance schemes like Ayushman Bharat.
real estate Sector
Akash Khurana, Chairman and CEO of Krisumi Corporation, says that with Budget 2025, the government is expected to initiate reforms to accelerate economic growth and increase efficiency in all sectors, especially real estate. For many years, the tax deduction on housing loans has been limited to ₹ 2 lakh per year. Increasing this limit to ₹ 5 lakh can significantly increase housing demand and benefit home buyers.
Indian Railways sector
Indian Railways’ capital expenditure allocation can be increased by 15-20% in Budget 2025. This is because the following year’s allocation is expected to be spent on time. The total capital expenditure allocation for the country’s largest transporter in Budget 2025-26 can be increased from ₹ 2.65 lakh crore in the current financial year to more than ₹ 3 lakh crore.
New income tax Bill
According to media reports, the new income tax law can be introduced during Parliament’s budget session. The budget session will run from January 31 to April 4. The general budget of 2025 is now very special for the middle class. There is a possibility of change in the tax system. Discussion has started on steps to give tax relief to the middle class in the budget. Individuals can also get exemptions under the new tax system.
In addition, the government is considering making corporate tax and TDS easier. There is a 30 per cent tax on annual incomes over Rs 15 lakh. The government may change the tax slab to provide relief to the people.