On March 25, 2025, the Lok Sabha passed the Finance Bill 2025, which includes 35 amendments. Among the key changes is the abolition of the 6% digital tax on online advertisements. This marks the completion of the Budgetary approval process in the Lower House, and the bill will now be sent to the Rajya Sabha for further review, completing the Budget process for FY 2025-26.

BulletsIn

• Lok Sabha passed the Finance Bill 2025 with 35 amendments on March 25, 2025.
• A major amendment is the removal of the 6% digital tax on online advertisements.
• The bill moves to the Rajya Sabha for further consideration, marking the final steps in the FY 2025-26 Budget process.
• The Union Budget 2025-26 includes a total expenditure of ₹50.65 lakh crore, a 7.4% increase from FY 2024-25.
• Capital expenditure is pegged at ₹11.22 lakh crore, with an effective capital expenditure of ₹15.48 lakh crore.
• Projected gross tax revenue collection stands at ₹42.70 lakh crore, and gross borrowing is ₹14.01 lakh crore.
• Allocation for Centrally Sponsored Schemes is ₹5,41,850.21 crore, up from ₹4,15,356.25 crore in FY 2024-25.
• Allocation for Central Sector Schemes is ₹16.29 lakh crore, a rise from ₹15.13 lakh crore in the previous fiscal year.
• Resource transfer to states for Budget 2025-26 is ₹25,01,284 crore, an increase of ₹4,91,668 crore from FY 2023-24.
• The fiscal deficit for FY 2025-26 is estimated at 4.4% of GDP, down from 4.8% in the current fiscal year.