The government’s decision to exempt income up to ₹12 lakh is a transformative fiscal move aimed at boosting consumption and accelerating economic growth.
1. Surge in Disposable Income:
Higher take-home pay will drive consumer spending, stimulating demand across key sectors like retail, real estate, and automobiles.
2. Catalyst for Business Expansion:
Increased demand will spur business growth, encouraging investments, capacity expansion, and job creation, especially in consumption-led industries.
3. Accelerated GDP Growth:
Enhanced spending will trigger a multiplier effect—fueling production, employment, and income—contributing significantly to GDP growth.
4. Formalization of the Economy:
The higher tax threshold may reduce tax evasion, broaden the tax base, and strengthen economic stability through greater formal income reporting.
5. Short-term Fiscal Pressure:
While potential revenue shortfalls may arise, increased economic activity and higher indirect tax collections (e.g., GST) are expected to offset them.
This tax reform is set to boost consumption, drive business growth, and support India’s trajectory toward becoming a $5 trillion economy.
Here is a breakdown of tax increases and decreases in the Budget 2025-26:
📉 Tax Decreases (Relief Measures)
1️⃣ Personal Income Tax Reduction
✅ New tax slabs for individuals (New Regime)
No tax up to ₹12 lakh (₹12.75 lakh for salaried taxpayers after deductions).
New Tax Slabs:₹0-4 lakh → 0%
₹4-8 lakh → 5%
₹8-12 lakh → 10%
₹12-16 lakh → 15%
₹16-20 lakh → 20%
₹20-24 lakh → 25%
Above ₹24 lakh → 30%
📝 Impact: Significant tax savings for the middle class.
✅ TDS & TCS Reductions
Section 194LBC (Income from securitization trust)Before: 25% (Individual/HUF) & 30% (Others)
Now: Reduced to 10%
Timber & Forest Produce TCS reduced from 2.5% to 2%.
Liberalized Remittance Scheme (LRS) TCS on education loans removed.
✅ Corporate & Business Tax Benefits
Presumptive Taxation for Electronics Manufacturing: A simplified tax regime introduced for foreign companies supporting electronics manufacturing.
Tonnage Tax for Inland Vessels: Now available for inland ships, reducing their tax burden.
Startups (Section 80-IAC):Tax benefits extended for startups incorporated before April 1, 2030.
Investment Date Extension for Sovereign & Pension Funds: Extended to March 31, 2030 for investments in infrastructure.
✅ Customs Duty Reductions
Leather Export Duty (Crust Leather - Hides & Skins) removed (was 20%).
Lab-Grown Diamond Seed Imports: Import duty exemption continued.
Export of Handicrafts: Duty-free export time increased from 6 months to 1 year.
✅ Crypto & Digital Asset Compliance Simplified
Reporting for Virtual Digital Assets (VDA) (Crypto transactions) has been clarified to remove tax ambiguity.
✅ Charitable Trusts & Institutions
Registration period extended from 5 years to 10 years for small charitable institutions, reducing compliance costs.
📈 Tax Increases (New Burdens)
1️⃣ Customs & Import Duty Increases
❌ Textile Sector
Import duty on knitted fabrics increased to 20% or ₹115/kg, whichever is higher.
❌ Electronics & Consumer Goods
Interactive Flat Panel Display import duty increased from 10% to 20%.
Import Duty on High-End Watches & Luxury Goods Increased (exact percentage not specified in budget speech).
❌ Personal Use Imports (Luggage & Baggage)
BCD (Basic Customs Duty) on baggage items remains high at 35%.
2️⃣ Capital Gains Tax & Securities Taxation
❌ Tax Parity for Non-Residents on Securities Transfer
Non-residents will now be taxed at the same capital gains rate as residents, removing previous tax advantages.
3️⃣ Indirect Tax & Trade Restrictions
❌ Compliance Burden for Crypto Holders
Mandatory reporting for crypto-asset transactions in certain cases.
📌 Key Takeaways
✅ Who Benefits from Tax Reductions?
Middle-Class Earners: No tax up to ₹12 lakh.
MSMEs & Startups: Lower tax on businesses & electronic manufacturers.
Exporters: Lower duties on leather, lab-grown diamonds, and handicrafts.
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❌ Who Faces Higher Taxes?
Luxury Imports: Higher taxes on watches, electronics, and textiles.
Non-Resident Investors: Equal capital gains tax treatment for foreign vs domestic investors.
📊More tax relief for individuals & businesses, but higher import duties on luxury goods & select electronics.
📢 Important Tax Updates 📢
✅ No Income Tax up to ₹12.75 Lakhs for salaried taxpayers.
✅ No Income Tax for total income up to ₹12 Lakhs.
🔹 Direct Tax Reforms:
✔ TDS Rationalization: Fewer TDS rates, threshold doubled for senior citizens, and TDS on rent threshold raised to ₹6,00,000.
✔ TCS on LRS: Threshold increased to ₹10 Lakhs; no TCS on foreign remittance for education if a loan is taken from specified financial institutions.
✔ Senior Citizens' Interest Income: TDS threshold raised to ₹1,00,000.
✔ Relief for Charitable Trusts & Institutions: Registration period extended from 5 years to 10 years, reducing compliance burden.
✔ Self-Occupied Property: Taxpayers can claim the annual value of two self-occupied properties as nil without conditions.
✔ ITR-U Filing: Time limit extended to 4 Assessment Years.
EPACK DURABLE Q3
CONS NET PROFIT DOWN 49 % AT 2.5 CR (YOY), 8.49 CR LOSS (QOQ)
REVENUE UP 35 % AT 376 CR (YOY) ,FLAT % (QOQ)
EBITDA UP 1 % AT 24.07 CR (YOY),UP 150 %(QOQ)
MARGINS AT 6.4 % V 8.5 % (YOY), 2.54 % (QOQ)
HARSHIL AGROTECH Q3
CONS NET PROFIT UP 2635% AT 5.47CR (YOY), UP 14% (QOQ)u
REVENUE UP 714% AT 25.73CR (YOY) ,UP 7% (QOQ)
EBITDA UP 2230% AT 5.36CR (YOY), UP 8%(QOQ)
MARGINS 20.83% V 7.27% (YOY), 20.71% (QOQ)
*NECTAR LIFESCIENCES Q3*
CONS NET PROFIT UP 403% AT 7.84CR (YOY), UP 40% (QOQ)
REVENUE UP 1% AT 455.5CR (YOY) ,UP 6% (QOQ)
EBITDA UP 6% AT 45.3CR (YOY), UP 3%(QOQ)
MARGINS 9.93% V 9.42% (YOY), 10.29% (QOQ)
*INOX WIND Q3*
CONS NET PROFIT UP 2764% AT 112.27CR (YOY), UP 24% (QOQ)
REVENUE UP 81% AT 911.27CR (YOY) ,UP 24% (QOQ)
EBITDA UP 123% AT 206.77CR (YOY), UP 20%(QOQ)
MARGINS 22.69% V 18.42% (YOY), 23.61% (QOQ)
XCHANGING SOLUTIONS: Q3 CONS NET PROFIT 145M RUPEES VS LOSS 35M (YOY)
XCHANGING SOLUTIONS: Q3 EBITDA 142M RUPEES VS 113M (YOY) || Q3 EBITDA MARGIN 31% VS 26.62% (YOY)
Budget 2025: Key Sectors!
We have a positive outlook on the following sectors after the Union Budget 2025:
1. Footwear
2. Agriculture
3. Textile
4. Airline ancillaries
5. Hotels
6. Tourism
7. Domestic pipe manufacturers
8. Domestic agrochemical players
9. Geospatial and drone companies
10. Battery manufacturing plant companies
11. TV manufacturers
12. Metal recycler companies
13. Pharma companies importing and exporting drugs of cancer and rare diseases
Budget 2025-26
🏆 Winning Sectors
✔️ Consumer – Tax cuts = More spending
✔️ Infrastructure – Mega infra push
✔️ Renewable Energy – Green energy boost
✔️ Pharma & Healthcare – More medical infrastructure
✔️ PSU Banks – Higher MSME credit flow
🚨 Sectors to Watch Out For
❌ Bond Markets & NBFCs – High fiscal deficit may keep bond yields up
❌ Luxury Real Estate – Budget focus on mid-income housing, not premium
VISHAL MEGA Q3
CONS NET PROFIT UP 28 % AT 262 CR (YOY), UP 154 % (QOQ)
REVENUE UP 20 % AT 3135 CR (YOY) ,UP 29 % (QOQ)
EBITDA UP 18 % AT 504 CR (YOY),UP 67 %(QOQ)
MARGINS AT 16.1% V 16.3 % (YOY), 12.4 % (QOQ)
MEDPLUS HEALTH SERVICES Q3
CONS NET PROFIT UP 207% AT 45.8CR (YOY), UP 19% (QOQ)
REVENUE UP 8% AT 1561.CR (YOY) , DOWN 1% (QOQ)
EBITDA UP 44% AT 132.4CR (YOY), UP 6%(QOQ)
MARGINS 8.47% V 6.36% (YOY), 7.89% (QOQ)
CHANDRA PRABHU INTERNATIONAL Q3
CONS NET PROFIT UP 160% AT 3.28CR (YOY), UP 741% (QOQ)
REVENUE UP 33% AT 265CR (YOY) ,UP 94% (QOQ)
EBITDA UP 87% AT CR (YOY), UP 41%(QOQ)
MARGINS 1.18% V 0.84% (YOY), 1.62% (QOQ)
Intraday call
GANESHHOUC
1327
To
1363.90
All 4 Targets++ Achieved
Budget effect
😍🔥🔥🔥🔥😘😘🚀🚀🚀
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