Budget 2025

[Indianhawk]

it's 12% increase in capex if forces manage to spend 1.8 lakh cr, forces have been able to spend 1.59 lakh crore current fiscal.

View attachment 23705

demand for grants is a bottom up process, all departments down the hierarchy give the number they think they will be able to spend and the final number goes to finance ministry for approval.

in the current fiscal, either some contracts that were scheduled to be signed did not happen, or delivery/payment did not happen yet.

Do we have service wise break-up of capital expenditure. Perticularly interested in IAF capital outlay.

 

[Arihant Roy]

https://pib.gov.in/PressReleasePage.aspx?PRID=2090875

View attachment 23717

Thanks buddy.

 

[ArjunMK1A]

https://www.indiabudget.gov.in/

This GOI owned website updated the Budget fully. You can go through this.

 

[ArjunMK1A]

Upgrading the India Post from an simple courier/bank service to an proper logistics chain, will be master stroke if implemented properly.

This allows ecommerce companies to utilize the services of India post and save money on maintaining vehicle fleet which is a expense. Meanwhile India Post can host multiple services and work accordingly.

But still a long way to go to see the benefits.

 

[ezsasa]

money come money go.

 

[ezsasa]

Do we have service wise break-up of capital expenditure. Perticularly interested in IAF capital outlay.

finance wallahs don't care for that much detail, they care only about under which head the cost needs to be budgeted and booked.

 

[pythonlover]

Nah, give it a few days. 'Muh middle class' will cook up some new issue to whine on SM.

To be honest, the middle class is not fed up with taxes. It is more fed up with the services local (mostly), state and central govt provide, though people themselves are partially responsible for that.

Everywhere the cities are dirty, roads are broken, health services in govt hospitals are dismal, there is no clean air to breathe, need to pay bribe in every govt office one has work in, govt schools are in shambles, the condition of traffic is abysmal as no one controls or imposes fines, police and judiciary is corrupt to core and people are even afraid to approach these two institutions because they know they will be extorted, etc etc. There is no feeling of justice.

Though we understand that most are local / state govt issues in which centre has very little role to play. But for a common man, govt is usually central govt. And therefore, that is where the anger is directed to.

 

[Jackprince]

For last 10 years on budget days I ranted how middle class gets fcked. So this year I have to say that the much needed income tax reprieve finally materialised. Although I am not going to get much of a relief, but the true middle class really has finally received a good amount tax cut. I hope it achieves the wanted emand growth in market.

 

[ezsasa]

Total budget increased from 47 lakh cr 50.6 lakh crore
but borrowing is planned to remain the same as last year, 15.6 lakh crore. continuing with downward trend since chini virus.

 

[Abtron3]

Ninda turtle did not like long things.

View: https://twitter.com/openletteryt/status/1885653827203776513?s=19

 

[Anants]

money come money go.
View attachment 23726

Excellent graphics. When are our inteest payments expected to reduce?

 

[concard]

Can anyone give a break down of the numbers for the things below?

Total budget outlay :

Fiscal deficit :

Borrowings :

Capital expenditure on infrastructure :

Military budget adjusted for dollar value :

 

[Abtron3]

For last 10 years on budget days I ranted how middle class gets fcked. So this year I have to say that the much needed income tax reprieve finally materialised. Although I am not going to get much of a relief, but the true middle class really has finally received a good amount tax cut. I hope it achieves the wanted emand growth in market.

Aap to Bade Ameer medak nikle. Are you that Disney wale prince.

 

[ezsasa]

Excellent graphics. When are our inteest payments expected to reduce?

unlikely that this will reduce, with all the infra getting built. this gormint has been keeping an open tap of 100 lakh crore of projects per year for years, all this needs to be repaid.

 

[Migflug]

are you sure no rebate after 12.75L? and correct me if I am wrong, if one earns 13 LPA his income after taxes will come out to be less than that of a person with 12.75 LPA?

Correct, if you earn 12.75LPA, you pay 0 taxes, but if you earn 13LPA, you will pay a tax of more than 60K!!

 

[ezsasa]

And therefore, that is where the anger is directed to.

anger is channeled deliberately by "players" for economic or political gains, by suppressing useful information, and amplifying tropes.
just count the ratio of "anxiety causing narratives" vs "productive narratives", my estimate is 9:1.

for example : if i read 100 news articles written by exfarts, hardly 5-10 i agree with fully. mostly i find, suppression of information by using cleverly worded sentences.

 

[crazywithmath]

To be honest, the middle class is not fed up with taxes. It is more fed up with the services local (mostly), state and central govt provide, though people themselves are partially responsible for that.

Everywhere the cities are dirty, roads are broken, health services in govt hospitals are dismal, there is no clean air to breathe, need to pay bribe in every govt office one has work in, govt schools are in shambles, the condition of traffic is abysmal as no one controls or imposes fines, police and judiciary is corrupt to core and people are even afraid to approach these two institutions because they know they will be extorted, etc etc. There is no feeling of justice.

Though we understand that most are local / state govt issues in which centre has very little role to play. But for a common man, govt is usually central govt. And therefore, that is where the anger is directed to.

I don't really care either way but it makes zero sense. Was looking up for some comparisons and found out that our income tax emeption limits are now on par with UK and higher than Australia and Germany.

Income tax exemption limits by country;

Australia -> 18200 AUD (10 lakhs INR)
UK -> £ 12570 (13.5 lakhs INR)
Germany -> € 11604 (10.4 lankhs INR)

And a guy earning 10 lakhs INR objectively spends a better quality of life and purchases more than an avg Joe earning AUD 18200 in Australia.

Indian 'middle class' wallahs are possibly the most pampered lot in the world. No other nation would let a guy earning 5-6X the per capita income go tax free just cuz he whines and larps/cosplays as 'middle class' on SM.

What is worse is that some retards will still cook up a new issue and start whining on it from tomorrow onward.

 

[Jackprince]

Aap to Bade Ameer medak nikle. Are you that Disney wale prince.

Naa ji. Hum salarywale hai. Sirf thoda paisa abhi jyda milne laga hai. Middle class hi hun. Par 12 lakh vale se thoda jyada upar hun, is liye percentage wise fyda jyda nahi milega.

 

[Azaad]

I don't really care either way but it makes zero sense. Was looking up for some comparisons and found out that our income tax emeption limits are now on par with UK and higher than Australia and Germany.

Income tax emeption limits by country;

Australia -> 18200 AUD (10 lakhs INR)
UK -> £ 12570 (13.5 lakhs INR)
Germany -> € 11604 (10.4 lankhs INR)

And a guy earning 10 lakhs INR objectively spends a better quality of life and purchases more than an avg Joe earning AUD 18200 in Australia.

Indian 'middle class' wallahs are possibly the most pampered lot in the world. No other nation would let a guy earning 5-6X the per capita income go tax free just cuz he whines and larps as 'middle class' on SM.

Just to clarify - It clearly means the wealth distribution there is more equitable than in our case.

If say Australia is exempting 18,200 AUD p.a. it works out to 1500 AUD per month salary which isn't much by Aussie standards meaning the person earning that much would possibly qualify to be from the working classes or Lower Middle Class as we'd like to put it but converted to INR it works out to ~ 10 lakhs per annum here which puts him firmly in the middle class category.

Whereas someone earning 300000 per annum would qualify to be in the working classes out here & he's exempt from paying taxes which thanks to the limits constantly being upwardly revised has now reached 12 lakhs per annum which means the middle class here which is the working class in Australia is exempted from taxes.

 

[crazywithmath]

I don't really care either way but it makes zero sense. Was looking up for some comparisons and found out that our income tax emeption limits are now on par with UK and higher than Australia and Germany.

Income tax exemption limits by country;

Australia -> 18200 AUD (10 lakhs INR)
UK -> £ 12570 (13.5 lakhs INR)
Germany -> € 11604 (10.4 lankhs INR)

And a guy earning 10 lakhs INR objectively spends a better quality of life and purchases more than an avg Joe earning AUD 18200 in Australia.

Indian 'middle class' wallahs are possibly the most pampered lot in the world. No other nation would let a guy earning 5-6X the per capita income go tax free just cuz he whines and larps/cosplays as 'middle class' on SM.

What is worse is that some retards will still cook up a new issue and start whining on it from tomorrow onward.

From today onward, won't abuse Tai for screwing with GST slabs and not lowering fuel prices. 'Middle class' had it coming.


@ezsasa , how are the personal income and corporate taxes being estimated in the budget? Have you gone through their estimates yet?