<p>Finance Minister <a href="https://www.deccanherald.com/tags/nirmala-sithraman">Nirmala Sitharaman</a> will present the 8th consecutive <a href="https://www.deccanherald.com/tags/union-budget">Union Budget</a> on February 1, 2025. Reports suggest that the government is mulling over cutting income tax for those who are earning up to Rs 15 lakh a year in February's budget, in turn providing relief to the middle class.<br><br>The taxpayers have pinned high hopes on the Union Budget FY 2025-26 documents and are keeping their fingers crossed regarding their expectations from the government's most important financial document of the year.</p>.Union Budget 2025 | Highlights of Economic Survey 2024-25.<p>“To position India as a global leader, we must strengthen our education system to meet the evolving demands of the future. This would mean ensuring higher education remains accessible and affordable by considering a reduction in the current 18% GST levied on the sector and increasing bank loan support for critical fields like AI, data science, and other rapidly advancing domains. </p><p>We must focus on equipping the next generation with the skills and resources to build a future-ready India while fostering student entrepreneurial opportunities through initiatives like innovation labs and startup incubation programs. </p><p>Increased budgetary support for industry-academia collaborations and tax incentives for skilling initiatives will be crucial. Furthermore, investing in partnerships with global educational institutions will prepare students for a globalised world by fostering innovation, providing access to cutting-edge technologies, and empowering them to contribute meaningfully to India’s growth,” said Abhimanyu Saxena, Co-Founder, InterviewBit and Scaler.</p>.<p><em><a href="https://www.deccanherald.com/union-budget-2025">Union Budget 2025</a> | Nirmala Sitharaman, who continues to be Finance Minister, will present her record 8th <a href="https://www.deccanherald.com/tags/union-budget-2025">Union Budget</a> this time. While inflation has burnt a hole in the pockets of 'aam janata', <a href="https://www.deccanherald.com/business/union-budget/union-budget-2025-modi-govt-mulls-cutting-income-tax-for-individuals-earning-upto-15-lakhs-per-annum-3332891">reports</a> suggest there might be a tax relief for those making up to Rs 15 lakh per year. Track the latest coverage, live news, in-depth opinions, and analysis only on <a href="https://www.deccanherald.com/">Deccan Herald</a>. Also follow us on <a href="https://www.whatsapp.com/channel/0029Va4ifN6AYlULZASc7V3S">WhatsApp</a>, <a href="https://in.linkedin.com/company/deccanherald">LinkedIn</a>, <a href="https://x.com/DeccanHerald?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor">X</a>, <a href="https://www.facebook.com/deccanherald">Facebook</a>, <a href="https://www.youtube.com/user/deccanads">YouTube</a>, and <a href="https://www.instagram.com/deccanherald/?hl=en">Instagram</a>.</em></p>
<p>Finance Minister <a href="https://www.deccanherald.com/tags/nirmala-sithraman">Nirmala Sitharaman</a> will present the 8th consecutive <a href="https://www.deccanherald.com/tags/union-budget">Union Budget</a> on February 1, 2025. Reports suggest that the government is mulling over cutting income tax for those who are earning up to Rs 15 lakh a year in February's budget, in turn providing relief to the middle class.<br><br>The taxpayers have pinned high hopes on the Union Budget FY 2025-26 documents and are keeping their fingers crossed regarding their expectations from the government's most important financial document of the year.</p>.Union Budget 2025 | Highlights of Economic Survey 2024-25.<p>“To position India as a global leader, we must strengthen our education system to meet the evolving demands of the future. This would mean ensuring higher education remains accessible and affordable by considering a reduction in the current 18% GST levied on the sector and increasing bank loan support for critical fields like AI, data science, and other rapidly advancing domains. </p><p>We must focus on equipping the next generation with the skills and resources to build a future-ready India while fostering student entrepreneurial opportunities through initiatives like innovation labs and startup incubation programs. </p><p>Increased budgetary support for industry-academia collaborations and tax incentives for skilling initiatives will be crucial. Furthermore, investing in partnerships with global educational institutions will prepare students for a globalised world by fostering innovation, providing access to cutting-edge technologies, and empowering them to contribute meaningfully to India’s growth,” said Abhimanyu Saxena, Co-Founder, InterviewBit and Scaler.</p>.<p><em><a href="https://www.deccanherald.com/union-budget-2025">Union Budget 2025</a> | Nirmala Sitharaman, who continues to be Finance Minister, will present her record 8th <a href="https://www.deccanherald.com/tags/union-budget-2025">Union Budget</a> this time. While inflation has burnt a hole in the pockets of 'aam janata', <a href="https://www.deccanherald.com/business/union-budget/union-budget-2025-modi-govt-mulls-cutting-income-tax-for-individuals-earning-upto-15-lakhs-per-annum-3332891">reports</a> suggest there might be a tax relief for those making up to Rs 15 lakh per year. Track the latest coverage, live news, in-depth opinions, and analysis only on <a href="https://www.deccanherald.com/">Deccan Herald</a>. Also follow us on <a href="https://www.whatsapp.com/channel/0029Va4ifN6AYlULZASc7V3S">WhatsApp</a>, <a href="https://in.linkedin.com/company/deccanherald">LinkedIn</a>, <a href="https://x.com/DeccanHerald?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor">X</a>, <a href="https://www.facebook.com/deccanherald">Facebook</a>, <a href="https://www.youtube.com/user/deccanads">YouTube</a>, and <a href="https://www.instagram.com/deccanherald/?hl=en">Instagram</a>.</em></p>