Budget 2025: The budget has been presented in Parliament. Finance Minister Nirmala Sitharaman has announced direct and indirect tax in the budget. A new income tax bill will be introduced in Parliament next week. Also, the government has reduced custom duty on 56 medicines. Mobile, camera will become cheaper. The first full budget of the third term of the Modi government is. This budget will be for 12 months of the entire financial year 2025–26. In the budget, everyone is waiting for what will be expensive and what will be cheap? Here you are telling you the list of products and service which have become expensive or cheap in Budget 2025.
Budget 2025: What things will be cheap?
Finance Minister Nirmala Sitharaman, while presenting the budget 2025-26, has announced a cut in custom duty on many items, which is expected to reduce the prices of some things. Especially items related to electronics, medicines and electric vehicles will now become cheaper.
What happened cheaper in the budget
– Electronics
– 36 life saving drugs
– Cancer medicines
– Electric car
– mobile phone
– Mobile Battery
– Fish Paste
-It Goods
What happened expensive in budget 2025
Flat panel display, TV display
Knitted Fabrics
Medicines will be cheap
The government has reduced custom duty on medicines. This includes cancer medicines. Custom duty on 56 medicines will be removed for people suffering from cancer and serious illness
Cancer and serious diseases will be cheaper
The government has announced a complete relaxation of 36 life saving drugs from basic custom duty. This will benefit patients who buy medicines for cancer and other serious diseases.
Electronic goods will be cheaper
The Finance Minister has announced to up to 5% custom duty on electronic goods. Especially on the open cell and other components of TV and mobile phones, basic custom duty has been reduced, which can reduce their prices.
EV batteries will be cheap
35 more items associated with electric vehicle (EV) are exempted from custom duty. Apart from this, 28 items have also been added to the list of discounts for mobile phone batteries. Its advantage can be seen as a fall in the prices of EV and mobile batteries.
These products will be cheap
The government has also announced exemption from basic custom duty to cobalt powder, lithium-ion battery scraps, lead, zinc and 12 other important minerals. This will reduce the prices of batteries and mineral -based products.
Removed on leather goods
The government has removed the basic custom duty on Wet Blue Leather in the budget.
Fish paste
Basic custom duty on frozen fish paste (Surimi) has been reduced from 30 percent to 5 percent. This will be applicable to manufacturing and export products.
Gold and silver prices will not be affected
The budget of 2024 proposed to reduce custom duty on gold and silver by 6%. However, gold and silver prices are seen to be increased before the budget. This time the government has not made any change in import duty in gold and silver in the budget.
Budget 2025: There is no tax on income up to Rs 12 lakh, now it will be old and new tax regimen