Latest Union Budget 2025 Highlights for Receipts Budget

Here are the details of Budget Receipts mentioned under Union Budget FY 2025-2026:

1. The Revenue Receipt and Capital Receipts for FY 2025-2026 are Rs.34.2 lakh crore and Rs.16.4 lakh crore, respectively.

1. The Effective Capital Expenditure and Revenue Expenditure for F 2025-2026 are Rs.15.5 lakh crore and Rs.39.4 lakh crore, respectively.

1. Other than the borrowings, the receipts in 2025-26 are estimated to be Rs 34,96,409 crore which is 11.1% higher than the revised estimate of 2024-25.

1. The Tax Receipts are also expected to increase by 11% over the revised estimate for 2024-25.

1. It is estimated that the Gross Tax Revenue will increase by 10.8% in 2025-26, over the revised estimates for 2024-25.

1. The Corporation tax and income tax for 2025-26 is estimated to grow by about 10.4% and 14.4%, respectively, over the revised estimates of 2024-25.

1. The GST revenue is expected to grow by 10.9% over the revised estimates of 2024-25 for 2025-26.

1. Devolution to states from centre’s tax revenue is estimated to increase by 10.5% over the revised estimates for 2024-25 and will be Rs.14,22,444 crore in 2025-2026.

1. Excluding states’ share in taxes, the Net tax revenue is about 11% higher than the revised estimate for 2024-25 and is estimated to be Rs 28,37,409 crore in 2025-26.

1. The interest receipts on loans given by the centre, dividends, license fees, tolls, and charges for government services constitutes the Non-tax revenue which is 9.8% higher than the revised estimates for 2024-25. This is estimated at Rs 5,83,000 crore in 2025-26 and 55.7% of the total budgeted non-tax receipts for 2025-26 is the dividend.

1. an increase of 28.8% over the revised estimates for 2024-25 is targeted at FY 2025-2026 for Capital receipts excluding borrowings which is estimated to Rs.76,000 crore.

1. In FY 2025-206, the total indirect tax collections are estimated to be Rs.17,35,100 crore. Government has estimated to raise Rs.11,78,000 crore from GST. Out of total GST revenue, it is expected that 86% and 14% will be received from CGST (Rs 10,10,890 crore) and the GST compensation cess (Rs 1,67,110 crore). 

1. Corporation tax is expected to increase by 10.4% in 2025-26.

1. An increase of 14.4% in 2025-26 is expected for taxes on income and the revised estimate for 2024-25 is 5.9% higher than budget for the year which will be (Rs 11,87,000 crore.

1. Non-tax receipts are expected to increase by 9.8% over the revised estimates for 2024-25 in 2025-2026 and are estimated to be 3% lower than budgeted in 2024-25. 

1. On the usage of roads and bridges, tolls will be 44% higher than the revised estimate for 2024-25 which is budgeted at Rs 36,000 crore for 2025-26.

Highlights of Union Budget 2024 - Receipts

Total receipts for FY25 are recorded at Rs.32.07 lakh crore. Total expenditure recorded at Rs.48.21 lakh crore and net tax receipts recorded at Rs.25.83 lakh crore in the financial year 2025, thereby resulting in fiscal deficit of 4.90% of GDP (Gross Domestic Product).

1. Corporate tax rates: 22% for existing domestic companies and 15% for certain new manufacturing companies.

1. Tax buoyancy of state revenue increased from 0.72 (2012-16) to 1.22 in the post-GST period (2017-23), indicating enhanced revenue growth.

1. An additional target of 2 crore houses has been set for the next 5 years, emphasizing the government's commitment to rural housing development.
2. undefined

1. Installation of 1.3 crore LED street lights under the SNLP scheme to enhance energy efficiency in public spaces.

Income tax

There was not any major changes when it comes to income tax for salaried individuals. The tax slab for salaried individuals remains the same. Though there is no change in the old tax slab but slab got changed in New slab 2024.

A standard deduction of Rs.75,000 has been proposed by the finance minister to provide allowance for transportation and miscellaneous medical expenses.

Union budget 2021 - Receipts

In the Year of 2021-22 the expected receipts to be Rs 19,76,424 crore which is 23% higher than 2020-21 of revised estimates. The Revised estimates for receipts were 29% lower than budget estimates in 2020-21.

Union Budget 2020 - Receipts budget increased due to higher revenues

Revenue estimate was boosted significantly in Union Budget 2020 owing to higher estimates in tax revenues and non-tax revenues. In his budget speech, finance minister Arun Jaitley also announced a string of tax proposals to ensure better economic growth for the country. Among the key revisions incorporated in the budget, the turnover limit for corporate tax has been increased to benefit micro, small, and medium business corporations in the country.