Finance Bill 2025 Pass in Lok Sabha, this tax is over … 34 other changes include – Finance Bill 2025 Passes in Lok Sabha with 35 Amendments Google Tax End Tutd

The Financial Bill 2025 (Finance Bill) has passed in the Lok Sabha. The revised financial bill 2025 was introduced by Finance Minister Nirmala Sitharaman, which has been passed. These amendments include 6 % digital tax on online advertisement or abolishing ‘Google Tax’. In addition, 34 other amendments are included. Now this bill will be introduced in the High House i.e. Rajya Sabha.

If the revised financial bill 2025 is approved by the Rajya Sabha, then this bill will be completed. The Union Budget for the financial year 2025-26 has been estimated at a total expenditure of Rs 50.65 lakh crore, which is 7.4 percent growth compared to the current financial year. The Finance Minister said while presenting this proposal in Parliament, ‘I have proposed to cancel 6 percent of the equalization fee for advertisements. In order to remove uncertainty in the international economic situation, the equalization fee on online advertisements will be abolished.

11.22 lakh crore rupees proposal for capital expenditure
The proposed capital expenditure for the upcoming financial year has been fixed at Rs 11.22 lakh crore, including effective capital expenditure of Rs 15.48 lakh crore. In the budget, gross tax revenue collection of Rs 42.70 lakh crore has been estimated and gross borrowing of Rs 14.01 lakh crore has been estimated. Important allocation for centrally sponsored schemes has been made, in which Rs 5,41,850.21 crore has been fixed for the financial year starting from April 1, 2025. This is a significant increase with Rs 4,15,356.25 crore allocated for the current financial year.

Estimates of such a fiscal deficit
For the central region’s plans, Rs 16.29 lakh crore has been allocated for FY 26, which is more than Rs 15.13 lakh crore in 2024-25. A total of Rs 25,01,284 crore will be transferred to states in budget 2025-26, which shows a growth of Rs 4,91,668 crore from the actual figures of 2023-24. In addition, the fiscal deficit for FY 2026 is estimated to be 4.4%, which is less than 4.8% of the current financial year.

The GDP (GDP) is estimated to be Rs 3,56,97,923 crore for FY 2025-26, which is 10.1% higher than the revised estimates of FY 2024-25. The National Statistics Office (NSO) released these figures, which highlighted the government’s target for strong economic development.