Budget 2025 what is cheaper: Finance Minister Nirmala Sitharaman has presented the budget of FY 2025-26. Many big announcements have been made in this budget, in which change in income tax slab is most important. According to the new tax slab, now the annual income of up to Rs 12 lakh will be tax free. This will benefit the common man a lot. Not only this, many things have been cheaper in the budget, which will benefit the common man directly.
In rising inflation, the common man was waiting for many things to be cheap. However, now the question is that the announcements made in the budget, will they immediately get us cheap. How much time does it take to implement after the announcement in the budget? How long can the common man buy cheap things? Let’s understand …
First know what happened cheap
- mobile phone
- Cancer medicines
- Medical equipment
- LCD, LED
- 6 live saving medicines
- Sess will be removed on 82 goods
- Clothes made in India
- Electric vehicles
- Leather product
- Frozen fish
- Motorcycle
- Zinc scap
- Cobalt powder
- Ev lithium battery
- Career Grade Internet Switch
- Synthetic flaving essence
- Raw material for shipbuilding
What happens after the budget is presented?
Whenever the budget is presented in Parliament, the government reflects the estimated expenses and income framework in the coming financial year. In a way, it is an account of the income and expenditure of the government. After the presentation of the budget in Parliament, it goes through the legislative process. Under this, general discussion is done on the budget. It is investigated by departmental committees. Voting is done on the demand for grants, after which the appropriation bill is passed, after which the number of the Finance Bill comes. After their passage, the approval of both houses of Parliament and the President is necessary to enact law. The budget process is completed as soon as the President is signed.
Since when the budget is applied
The government presents any budget for a financial year. The financial year is from April 1 to March 31. In such a situation, after getting the approval of the President, its provisions will be applicable from the new financial year i.e. April 1, 2025. That is, the provisions of the financial year 2024-25 will be applicable till 31 March. In easy language, the benefits of cheap things will start getting to the common man from 1 April.
