Union Budget

The Union Budget 2025-26, presented by the Hon’ble Finance Minister, emphasizes inclusive growth, fiscal prudence, and structural reforms aimed at strengthening the economy and fostering a resilient, self-reliant India. This Union Budget reinforces the vision of Viksit Bharat by 2047. The government remains steadfast of the fiscal glide path with a fiscal deficit target of 4.4% of GDP.

On the tax front the biggest positive surprise is huge give away in the form of enhanced tax slabs for individuals under the new regime for personal taxation with no tax for income up to INR 1.2 million, by far a record since many years. No major amendments are proposed for taxation of businesses as also the tax rates applicable to them. The new Tax Bill is promised to be introduced in the next week to bring in tax certainty and reduce litigation. Other notable proposals include FDI limits raised for the insurance sector and trade policies to enhance ease of doing business.

Indirect tax proposals focus on tariff rationalization, duty inversion, and streamlined customs duties to boost manufacturing and trade. A single cess/surcharge simplifies tax incidence, while a voluntary compliance scheme enhances efficiency. On GST, 11.30% increase in collections is projected for FYE 2026.

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Event & Webinars

Dhruva Advisors & Taxsutra Webinar on the Indian Union Budget 2025-26

Event Type: Virtual | Location: Online
February 1, 2025, at 5.00 pm – 6.30 pm IST

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Dhruva Advisors & Indian Chamber of Commerce, Kolkata (ICC)

Event Type: Physical | Location: Kolkata
February 1, 2025, at 6.00 pm – 8.50 pm IST

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IIFL Securities & Dhruva Advisors – Union Budget 2025-26: Deciphering the tax proposals

Event Type: Virtual | Location: Online
February 3, 2025, at 4.00 pm IST

HSBC & Dhruva Advisors – Exclusive CFO & Finance Controller Post-Budget Analysis

Event Type: Physical | Location: Kolkata
February 3, 2025, at 7.00 pm IST

Unlocking the Indian Budget 2025: Insights for Singapore Investors

Event Type: Physical | Location: Singapore
February 6, 2025 from 6:45 PM – 8:30 PM SGT

Budget Videos

Dinesh Kanabar, CEO, Dhruva Advisors shares his views on Union Budget 2025-26

07 February, 2025

Mehul Bheda, Partner, Dhruva Advisors shares his views on Union Budget 2025-26

07 February, 2025

Ranjeet Mahtani, Partner, Dhruva Advisors shares his views on Union Budget 2025-26

07 February, 2025

Anand Parasrampuria, Associate Partner, Dhruva Advisors shares his views on Union Budget 2025-26

07 February, 2025

Dhruva Advisors & Taxsutra Webinar – Union Budget 2025-26

01 February, 2025

Nirmala Sitharaman’s Plans For Taxpayers | Income Tax Relief In Budget 2025? | Business Today

16 January, 2025