<h1>Union Budget 2025-26: Zero Income Tax Up to 12 Lakh, Boosts for Agriculture, MSMEs, and Infrastructure Investment</h1> The Union Budget 2025-26, presented by the Finance Minister, outlines key fiscal measures with total receipts estimated at 34.96 lakh crore and expenditure at 50.65 lakh crore. The fiscal deficit is projected at 4.4% of GDP. Key initiatives include the Prime Minister's agricultural programs, enhanced credit for farmers, and MSME support with revised classification criteria. Investment in infrastructure is emphasized with a 1.5 lakh crore outlay for state loans. Tax reforms include no income tax for incomes up to 12 lakh and a simplified tax structure. Customs duty rationalization aims to support domestic manufacturing and exports.