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From exempting salaries until Rs 12 lakh from paying income tax to increasing MSME investment limits, here's what Budget 2025 offers.
Salaried taxpayers upto Rs 12 lakh income per annum will now be exempt from paying income tax.
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Fiscal deficit is projected to improve marginally to 4.4% in fiscal 2026.
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Investment limits for MSMEs will be increased by 2.5 times, amid multiple developments.
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Accommodations for 6,500 more students in the five latest IITs and more developments are listed in the Budget.
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The government has proposed a Rs 1.5 lakh crore interest-free loan for states over 50 years for capex, amid more proposals.
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The scheme augments post-harvest storage, and improves the availability credit to benefit 1.5 crore farmers.
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The ministry proposed 25 additional capital goods for EV battery manufacturing, and 28 goods for mobile phone battery manufacturing.
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