Budget Updates 2025-2026

Comprehensive analysis of fiscal policies, tax reforms, and economic measures

Current Budget Past Budgets Key Changes

Key Budget Changes 2025-2026

The Union Budget 2025-2026 focuses on seven priorities dubbed 'Saptarishi' that will guide the country towards Amrit Kaal. Here are the major highlights:

Direct Tax Changes

  • New tax regime made default with revised tax slabs (0-3L: 0%, 3-6L: 5%, 6-9L: 10%, 9-12L: 15%, 12-15L: 20%, >15L: 30%)
  • Rebate limit increased to ₹7 lakh (from ₹5 lakh) under new tax regime
  • Highest surcharge rate reduced from 37% to 25% for incomes above ₹5 crore
  • Leave encashment limit for non-government employees increased to ₹25 lakh

Indirect Tax Changes

  • Customs duty reduced on mobile phone camera lenses and other parts to boost manufacturing
  • Basic customs duty (BCD) on compounded rubber increased from 10% to 25%
  • Excise duty on cigarettes increased by about 16%
  • GST compensation cess on certain vehicles extended till March 2024

Corporate Tax Updates

  • Extension of period of incorporation for eligible startups for income tax benefits by 1 year (till 31.03.2024)
  • Deduction for expenditure on notified skill development projects extended till 31.03.2024
  • New co-operatives to get lower 15% tax rate (similar to new manufacturing companies)
  • Limit increased from ₹10,000 to ₹25,000 for TDS on cash withdrawal for co-operative societies

Economic Measures

  • Capital expenditure outlay increased by 33% to ₹10 lakh crore (3.3% of GDP)
  • Fiscal deficit target for FY24 set at 5.9% of GDP
  • 50-year interest-free loans to states continued for one more year (₹1.3 lakh crore outlay)
  • ₹35,000 crore allocated for energy transition and net zero objectives

Union Budget 2025-2026 Resources

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Official Documents

Tax Reforms

Sector-wise Impact Analysis

Detailed analysis of budget allocations and policy changes across key sectors of the economy

Corporate Sector

  • New tax regime benefits for corporates
  • Startup incentives extended till March 2024
  • MSME benefits including credit guarantee
  • Reduction in 37 surcharges for high-income individuals
MCA Portal Startup India Budget Analysis

Infrastructure

  • Record capital expenditure of ₹10 lakh crore
  • 50-year interest-free loans to states for infrastructure
  • 100 critical transport infrastructure projects
  • Urban infrastructure fund with ₹10,000 crore allocation
Road Ministry Railways Urban Ministry

Healthcare

  • New mission to eliminate sickle cell anemia by 2047
  • 157 new nursing colleges to be established
  • Pharmaceutical research gets ₹5,000 crore promotion
  • Focus on ICMR labs for research collaboration
Health Ministry ICMR National Health Mission

Education

  • National Digital Library for children and adolescents
  • Recruitment of 38,800 teachers for Eklavya schools
  • Teacher training through innovative pedagogy
  • Centers of Excellence for AI in top institutions
Education Ministry Digital Library AICTE

Agriculture

  • Agriculture credit target increased to ₹20 lakh crore
  • Digital public infrastructure for agriculture
  • 10,000 Bio-Input Resource Centers
  • Enhanced focus on cotton productivity
Agriculture Ministry National Food Security PM-KISAN

Energy

  • ₹35,000 crore for energy transition
  • Battery storage system with 4,000 MWH capacity
  • Inter-state transmission system for renewable energy
  • Green Credit Programme for sustainable actions
Renewable Energy Power Ministry Bureau of Energy

Previous Budgets & Archives

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Year Budget Highlights
2025-26 Interim Union Budget Continuity budget, focus on fiscal consolidation, infrastructure continuity
2024-25 Interim Union Budget Vote on Account, fiscal deficit target 5.1%, capital expenditure focus
2023-24 Union Budget Amrit Kaal vision, green growth, inclusive development, youth power
2022-23 Union Budget PM Gati Shakti, inclusive development, productivity enhancement
2021-22 Union Budget COVID recovery, healthcare focus, infrastructure push
2020-21 Union Budget Atmanirbhar Bharat initiatives, new agriculture reforms
2019-20 Union Budget Focus on $5 trillion economy, digital India, ease of living

Additional Resources

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Economic Survey 2025-26

Latest economic analysis, statistics, and policy recommendations for 2025-26

Access Survey Full PDF

Budget Webcast 2025

Live and archived budget sessions, press conferences, and expert analysis

Watch Now Budget Highlights

Budget Mobile Apps

Mobile applications for budget access, tracking, and real-time updates

MyGov Apps At a Glance

Budget Data 2024-25

Machine-readable budget datasets for analysis and visualization

Budget Data Key Features

Budget Documents

Complete set of budget documents including detailed allocations

All Documents Full Speech

Detailed Analysis

In-depth analysis reports and sector-wise budget breakdown

Analysis Hindi Speech

Expert Analysis & Commentary

Professional insights and detailed breakdowns of budget implications

Tax Implications Analysis

Detailed breakdown of how the new tax regime changes affect different income groups, with comparison calculators and scenario analysis.

Sector Impact Reports

Industry-specific impact analysis reports covering automotive, IT, pharmaceuticals, real estate, and other key sectors.

Webinars & Workshops

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Budget Implementation Updates

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