Indiastockguru Team
- The budget earmarked capital expenditure (capex) of Rs 11.11 lakh crore, a rise of 11.1% YoY. Higher government capex not only increases employment generation, but also incentivizes the private sector to invest. Private capex jumped nearly 20% in FY23 supported by government investment in infrastructure.
- Fiscal deficit target to be reduced to 4.9% of GDP for FY25. Lower fiscal deficit means lower borrowings for the central government, lower interest rates which will help in controlling inflation.
- Startup ecosystem got a boost with the abolishment of angel tax which was introduced in 2012. The new regulation will come into play from April 1, 2025
- Salaried employees have benefitted with an increase in standard deduction from Rs. 50,000 to Rs. 75,000. For pensioners, deduction increased from Rs. 15,000 to Rs. 25,000.
- Long term gains tax rate increased to 12.5% from 10%. Increase in limit of exemption of capital gains on financial assets from Rs 1 Lakh to Rs. 1.25 lakh per year.
- Short term gains tax increased from 15% to 20%.
- Foreign companies will have to pay lower corporate tax of 35% from earlier 40%.
- States will be encouraged to reduce stamp duty on real estate investment by women.
- Mudra loan limit is doubled to Rs 20 Lakh under ‘Tarun’ category. This is mainly aimed to help micro, small, and medium enterprises (MSMEs) and the manufacturing sector. In addition to this, a new credit guarantee scheme was also announced.
- In futures & options trading, securities transaction tax (STT) on options has been increased from 0.0625% to 0.1% and STT on sale of futures from 0.0125% to 0.02%.
- Tax Slabs For Individuals
| Gross Total Income | Tax Rate Applied |
| Upto Rs 3 Lakh | Nil |
| Rs 3-7 Lakh | 5% |
| Rs 7-10 Lakh | 10% |
| Rs 10-12 Lakh | 15% |
| Rs 12-15 Lakh | 20% |
| Above Rs 15 Lakh | 30% |
