The Union Budget 2025-26 brings significant changes that impact businesses and individuals alike. Here's what you need to know.

Key Highlights

• New income tax slabs for salaried individuals
• MSME credit guarantee scheme expanded to ₹5 crore
• GST compliance simplifications for small businesses
• Startup tax holiday extended by 2 years

Impact on Small Businesses

Small businesses will benefit from reduced compliance burden and easier access to credit. The turnover limit for presumptive taxation has been increased to ₹5 crore.

Looking Ahead

These reforms signal the government's commitment to ease of doing business and economic growth. Businesses should start preparing for these changes early.