{"id":12456,"date":"2025-01-02T18:46:35","date_gmt":"2025-01-02T13:16:35","guid":{"rendered":"http:\/\/localhost\/live-jrfadda-new\/2025\/01\/02\/union-budget-2025\/"},"modified":"2026-07-29T11:36:26","modified_gmt":"2026-07-29T06:06:26","slug":"union-budget-2025","status":"publish","type":"post","link":"https:\/\/www.jrfadda.com\/exams\/ugc-net\/union-budget-2025\/","title":{"rendered":"Union Budget 2025 Date, Expectations, Impact on Taxpayers"},"content":{"rendered":"

Union Budget 2025<\/strong>, scheduled to be presented by Finance Minister Nirmala Sitharaman on February 1, 2025, will likely introduce radical reforms into the tax structure, in order to make it simple, boost economic growth and enhance social welfare. This budget should focus on critical areas that include middle-class income tax relief, restructuring capital gains tax and increasing focus on infrastructure development, which are likely to continue strengthening the recovery and growth path in India. Industry leaders will look for a review of STT and other fiscal policies that may affect investments and market dynamics.<\/p>\n

What is a Budget?<\/b><\/h2>\n

The Union Budget of India, also referred to as the Annual Financial Statement in Article 112 of the Constitution of India and is classified into Revenue Budget and Capital Budget. Revenue budget includes the government’s revenue receipts and expenditure. There are two kinds of revenue receipts – tax and non-tax revenue.<\/p>\n

In terms of governing, a government budget explains how the money will be divided among sectors for it to show what the government considers to be its economic priorities and directions in policy.<\/p>\n

\"Study<\/a><\/p>\n

It includes details about:<\/p>\n

    \n
  1. Revenue<\/b>: Sources like taxes, dividends and fees.<\/li>\n
  2. Expenditure<\/b>: Allocations for sectors like healthcare, education, railway, infrastructure, defense, etc.<\/li>\n
  3. Deficit or Surplus<\/b>: The difference between revenue and expenditure.<\/li>\n<\/ol>\n

    BUDGET 2025 Date<\/b><\/h2>\n

    The Union Budget 2025-26 will be submitted by the finance minister, Nirmala Sitharaman, on February 1, 2025. This will be her eighth successive budget presentation, living up to the government’s guidelines on fiscal policy. The budget is likely to focus on major areas like tax reforms, where the middle class is demanding relief and capital expenditure, mainly on infrastructure development to promote economic growth.<\/p>\n

    \"App<\/a><\/p>\n

    Budget 2025 Expectations<\/b><\/h2>\n

    Finance Minister Nirmala Sitharaman<\/b> is expected to prioritize:<\/p>\n