The Union Budget 2025-26, presented by Finance Minister Smt. Nirmala Sitharaman on February 1, 2025, outlines a roadmap for India’s economic growth, focusing on agriculture, MSMEs, and infrastructure investments. Understanding these changes is crucial for businesses, startups, and individual taxpayers.
At PS Tax Consultancy, we specialize in tax advisory services, including GST, Income Tax, Company Formation, MSME Registration, Labour Compliance, and more. Here’s how the latest budget announcements impact taxpayers, businesses, and MSMEs.
Budget Overview 2025-26: Key Financial Indicators
- Total Receipts (Excl. Borrowings): ₹34.96 lakh crore
- Total Expenditure: ₹50.65 lakh crore
- Net Tax Receipts: ₹28.37 lakh crore
- Fiscal Deficit: 4.4% of GDP
- Capital Expenditure: ₹11.21 lakh crore (3.1% of GDP)
This budget aims to boost economic growth, enhance MSME support, and strengthen agricultural productivity.
Agriculture: The First Engine of Development
- PM Dhan-Dhaanya Krishi Yojana – Focuses on 100 low-productivity districts, benefiting 1.7 crore farmers.
- Mission for Aatmanirbharta in Pulses – A six-year mission for Tur, Urad, and Masoor pulses to ensure stability in production and procurement.
- Comprehensive Programme for Vegetables & Fruits – Strengthening supply chains, processing, and pricing to benefit farmers.
- Makhana Board in Bihar – Special focus on makhana production and value addition.
- National Mission on High Yielding Seeds – Over 100 high-yielding seed varieties to boost agricultural productivity.
Tax & Compliance Insight: Businesses in agriculture-related sectors should ensure proper GST registration, compliance with FSSAI regulations, and MSME registration to benefit from government schemes.
MSMEs: The Second Engine of Development
- Revised MSME Classification – Investment & turnover limits increased by 2.5X and 2X, respectively.
- Credit Cards for Micro Enterprises – ₹5 lakh limit for MSMEs registered on the Udyam portal, with 10 lakh cards issued in the first year.
- Fund of Funds for Startups – ₹10,000 crore contribution to support Indian startups.
- Scheme for First-time Entrepreneurs – ₹2 crore term loan for 5 lakh first-time women, SC, and ST entrepreneurs.
How PS Tax Consultancy Can Help:
We assist startups and MSMEs in Bhubaneswar with GST filing, company registration, MSME registration, and compliance support to ensure they leverage these benefits effectively.
Investment & Infrastructure: The Third Engine of Development
- Saksham Anganwadi & Poshan 2.0 – Enhanced funding for child nutrition programs.
- Atal Tinkering Labs – 50,000 innovation labs in government schools.
- Broadband Connectivity Expansion – Providing high-speed internet to rural schools and healthcare centers.
Businesses in education, health, and infrastructure development should ensure proper GST registration, ESIC compliance, and labor registration to qualify for upcoming government projects..
How PS Tax Consultancy Can Help You Stay Compliant
At PS Tax Consultancy, we offer expert guidance to help businesses and individuals comply with tax regulations and maximize benefits from budget provisions. Our services include:
✅ GST Registration & Filing
✅ Income Tax Returns & Compliance
✅ MSME & Startup Registration
✅ Company Formation & Compliance
✅ Labour Registration & EPF/ESIC Compliance
✅ Trademark Registration
Contact Us for Expert Tax Consultation
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🚀 Stay Ahead with PS Tax Consultancy! Ensure your business stays compliant and benefits from the latest tax policies.
