Quick Summary
The upcoming Union Budget 2025-26 is expected to bring mild reductions in personal income tax rates to spur consumption, alongside a concessional corporate tax regime for manufacturing hubs and foreign direct investments (FDIs) to strengthen the Make in India initiative, according to a report. Key Tax Proposals to Watch For The report suggests that the government may introduce: Higher customs duty on gold to curb imports. Easier FDI norms to attract global investments. Tweaks in persona
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FAQ :
The Budget 2025-26 is likely to include mild reductions in personal income tax rates, with potential tweaks to tax slabs to increase disposable income, particularly for the middle class.
A concessional corporate tax regime is expected for manufacturing hubs and foreign direct investments to boost the 'Make in India' initiative. Import duties may also be adjusted to support domestic manufacturing.
The fiscal deficit for FY26 is likely to be targeted at 4.5% of GDP, indicating a continued path of fiscal consolidation.
Spending priorities include increased allocations for rural and social sectors, higher capital expenditure loans to states (especially for Defence), and continued support for MSMEs, affordable housing, health, and education.
The government plans to manage the fiscal deficit through asset sales, infrastructure monetisation, disinvestment, and maintaining a steady RBI dividend.
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