Budget 2025 Simplified: How Will It Impact You? Experts Break It Down

"government is going to introduce new income tax bill in next week what does that mean now of course you don't expect more exemption more deduction and any slap change but in this new income tax bill they going to simplify income tax and they will have a of filing written then I think the whole filing system system like it1 it2 might get revamped also few of the penalties might get reduced so what I heard from SI ran ma'am FM she said that at least half of the provisions would get disappeared half of the half of the things would be eliminated from income tax mainly related to this compliance part of so basically the boring stuff boring stuff will get reduced and the compliance will be a out and the scrutiny would be less"

"I think the biggest uh sector to benefit in my opinion is going to be consumption... people will have an additional 50,000 Rupees 1 lakh coming into their pocket... your tax saving is anywhere between 70,000 to 1.1 lakh so I'm going to spend more because if I have more money absolutely I feel like spending more so this is a boost for consumption it's a boost for consumption right and because like I said the positioning of the sector was already so bad and now if somebody's going to have 70,000 to 1.1 lakh of tax saved that is going to give a lot of go to consumption both discretionary and non-discretionary right so you will have sectors Pro probably like the fashion and retail Footwear quick service restaurant jewelry Auto and fmcg in general I think this sector probably will end up doing very well"

"second the sector that you probably might want to look at is infra... the urban challenge fund that they said that they'll come up with a one lakh CR budget for redevelopment of cities... basically companies which are executing these infrastructure projects within Urban cities with like your LT will benefit"

"now they're planning uh to focus on being able to generate 100 gaws by 2047 that's huge of nuclear energy of nuclear energy"

"the third point that they raised was a nuclear energy machine uh look we've been hearing how the government is actually focusing uh a lot on clean energy spending a lot of money around wind energy solar and all of that now they're planning uh to focus on being able to generate 100 gaws by 2047 that's huge of nuclear energy of nuclear energy right so they are again going to spend this money uh which is going to benefit indirectly the energy sector but specifically the nuclear energy sector interesting and the last thing that they did was they modified the Udan project what is that Udan project so they are spending a lot of money to come up with green airports and all of that to boost tourism correct right so the second derivative effect is going to be tourism but the first effect is they're going to launch 120 new destinations Greenfield airports"

"heal in India is also not only going to benefit tourism but it's going to uh benefit hospitals Big Time whole healthare also right the entire healthcare industry and specifically hospitals will benefit big time here"

"why is that important so now see because there are there are multiple things here right today the largest toy manufacturer is China uh the biggest thing we don't even need to deliberate into this everybody hearing us knows what we are talking about uh they really want to kill import from China in whichever way they can right uh I'm not sure if this is this is anything to look at but Reliance made a very large acquisition in the toy business"

"they've actually increased the basics custom duty on interactive flat panel display oh wow from 10% to 20% so that import reduces and at the same time uh they've increased that and at the same time they've reduced the basics custom duty on open cell so that you import sell and make those panels here okay so they're helping with the backward integration absolutely make that more uh easier from a cost point of view so they incentivizing you to get the raw material and you make it here absolutely so making CH making India China plus one manufacture in India are big themes that they really want to play it's not only the toy industry if I remember she spoke about Footwear and leather correct right so I think there is so much of emphasis on making India manufacturer yeah China plus one so all of this is consumption on all of this is consumption and Manufacturing yeah so the broader thing is consumption manufacturing and at the same time you are saying clean energy because there is so much of work done around solar uh batteries because if I can read through a couple of things that they did here so on the Cobalt powder and waste or scrap of lithium ion battery or lead lead zinc and 12 other such critical minerals were Exempted from basic custom duty this is for the battery yes you had another 35 additional Goods that are a part of EV manufacturing battery and 28 another which are a part of Mobile phone battery manufacturing were also added to the Exempted capital goods so iPhones will get cheaper uh they are actually trying to make sure that you come here and manufacture mobiles here"

"now if your salary is 12 L 75,000 you don't pay any tax W that's been a big jump big jump until 12 lakh 75,000 rupees of income I pay zero tax... from 1st April 25 if your salary is let's say 12 L 75,000 okay I'm just talking about the salary okay so 12 75,000 rupes you don't pay any tax how much you are right now paying $83,200 so your saving is $83,200... and if your salary is let's say 15 lakh rupees you were paying 130,000 in taxes now you'll pay 97500 which is taxing of 30 to 500 interesting is here 20 lakh of salary you were paying 278,000 of taxes now you'll pay 1 lak 9 to 400 which is saving of 85,86... Sharon you were paying 4 LH 26,400 but now you'll pay 312,000 which is tax saving of 1 14,000"

"the limit from 7 lakhs has been increased to 10 lakhs okay so now you can invest up to 10 lakhs and not pay a TCS"

"post the budget 2025 what is that new number that's new number is almost double that's around 7 lakh rupees so if your income is 12 lakh and the all the deduction and exemption which is your LTA your H your ATC ATD deduction like we just spoke if it's 7 lakh it's a break even so you need now more than 7 lakh rupees of deduction and exemption for you to be beneficial under the old reg"

"government wants to do something every year and not Kum of course what they said heal in India what he in India right why they are saying that spirituality they want to promote and focus on spiritual tourism in India"

"if you're taking loan from financial institution and that's for Education there is no TCS"

"TCS on lrs is increased okay in lrs includes everything lrs has typical uh provision of two .5 lakh remitting every year outside it can be for any reason $50,000 about 2 crores right right at as the current exchange rate you can say that per Financial year per person can remit this much amount outside India under lrs"

"they are going to launch 120 new destinations Greenfield airports right so this probably again like I said second order derivative is travel and tourism because this is also going to be able to boost tourism in the country but largely infra right so infra is a play and tourism is a play here"

"if you are buying a holiday packet still from very one rupee the TCS is applicable okay this is when I say because the holiday package is not under the perview of lrs because that is considered I'm buying a whole holiday package which includes my flight and uh your my hotel stay together like a package like a package on that TCS is still applicable from very one rupees"

"I think agriculture has this kind of I would say focus in this budget and that's why you seeing that makana impact I like it I think there are three major statements on Bihar that were made in the entire speech and then something was talked about the toy industry also"

"Cobalt powder and waste or scrap of lithium ion battery or lead lead zinc and 12 other such critical minerals were Exempted from basic custom duty this is for the battery yes you had another 35 additional Goods that are a part of EV manufacturing battery and 28 another which are a part of Mobile phone battery manufacturing were also added to the Exempted capital goods"