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Income Tax Reforms: Relief for Middle-Class Taxpayers; One of the biggest highlights of Budget 2025 is the revision in income tax slabs under the new tax regime: New Tax Regime (Post Budget 2025-26) Zero to ₹4,00,000—No Tax ₹4,00,000 to ₹8,00,000—5% ₹8,00. Detailed financial statement of revenue and expenditure for the upcoming fiscal year.
Maharashtra Budget 202526 A Detailed Analysis This year's budget introduces crucial tax reforms, economic policies, and growth initiatives that impact industries, businesses, and individuals Allocation towards major schemes - MGNREGS and PM-KISAN is the same as the revised estimates for 2024-25. February 1, 2025 PRS Legislative Research Institute for Policy Research Studies 3rd Floor, Gandharva Mahavidyalaya 212, Deen Dayal Upadhyaya Marg New Delhi - 110002 Tel: (011) 43434035, 23234801 www.prsindia.org Union Budget 2025-26 Analysis Budget Highlights Expenditure: The government is estimated to spend Rs 50,65,345 crore in 2025-26, 7.4% higher than the revised
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