Union Budget 2025-2026 Relief: The country’s Finance Minister Nirmala Sitharaman will present her eighth budget on February 1, 2025. In such a situation, what are the expectations of the common man, let’s take a look.
The trade union has made several demands for Budget 2025-2026 such as, increasing EPFO pension to Rs 5000 per month, increasing the income tax exemption limit to Rs 10 lakh, restoring the old pension scheme
What to expect from real estate
Real estate has a lot of expectations from the budget. They say that this time they will get the status of industry. Experts say that if the government gives the status of industry then common people can buy property at a good rate. This will also benefit builders and developers.
Health Insurance (Budget 2025-2026 Relief)
There is a demand for tax exemption in health insurance and pension. In such a situation, the central government can consider this.
Married people will get this relief (Budget 2025-2026 Relief)
The Chartered Accounts Institute has demanded that married couples should be given the facility of joint tax filing. Let us tell you that this facility is already available in many countries like America, England.
EV Sector
This sector hopes that the government will reduce the interest on EV vehicle loans. Along with this, the government should focus on battery manufacturing. GST on EV batteries should be reduced from 18 percent to 5 percent.
Rural Development
The Central government is expected to continue its emphasis on rural development in the upcoming 2025-26 budget, with a projected 5-8% year-on-year increase in allocations for key rural development schemes, ET reported citing sources familiar with the matter. This fiscal year, the rural development ministry’s budget stands at Rs 1.78 lakh crore, reflecting a 3.8% increase from the previous year.
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