Jify Budget 2025: Key Takeaways for a Financially Fit Future

The Union Budget 2025-26 has arrived, bringing significant changes aimed at benefiting the middle class, startups, MSMEs, and rural India. From tax relief to agricultural reforms, here’s a breakdown of what’s in store.

Middle-Class Tax Relief: More Savings, Less Hassle

The government has introduced tax reforms designed to ease the financial burden on the middle class. Key highlights include:

• Zero tax up to ₹12.75 lakh, offering significant savings for taxpayers.

• Simplified tax slabs, making compliance easier.

• Higher TDS/TCS thresholds, reducing the need for multiple filings.

• Extended filing deadlines, ranging from 2 to 4 years, allowing more flexibility.
  

Revitalizing Rural India: A Boost for Agriculture

Agriculture remains a key focus, with initiatives designed to enhance productivity and financial security for farmers:

• PM Dhan-Dhanya Krishi Yojana to benefit 100 districts.

• A 6-year Pulses Mission focused on Tur, Urad, and Masoor, ensuring stable supply and pricing.

• Kisan Credit Card limit increased from ₹3 lakh to ₹5 lakh, providing better access to credit.
  

MSME and Startup Support: Strengthening the Backbone of the Economy

Small businesses and startups receive a significant push with extended benefits:

• Enhanced credit guarantees, helping businesses secure loans with confidence.

• Updated MSME classification limits, allowing more enterprises to qualify for benefits.

• Extended startup tax benefits by an additional 5 years, fostering innovation and growth.
  

Fiscal and Customs Reforms: Aiming for Stability

The budget maintains a focus on fiscal discipline and trade facilitation:

• Fiscal deficit target set at 4.4% of GDP, reflecting a commitment to economic stability.

• Capital expenditure at ~₹11.21 trillion, ensuring continued infrastructure growth.

• Customs duty cuts on key items, making imports more affordable and encouraging trade.
  

Final Thoughts

Budget 2025-26 aims to provide financial relief while driving economic growth across key sectors. With increased tax savings, better rural support, and extended benefits for businesses, this year’s budget is a step toward a stronger financial future.

Stay informed, stay financially fit—because being money-wise is the key to a secure tomorrow!

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