SBS Budget Companion - 2025

The Union Budget is a pivotal event in India’s economic calendar, setting the direction for policies that impact businesses, individuals, and industries at large. Each year, it brings with it new challenges, opportunities, and aspirations, shaping the financial and regulatory landscape of the nation.

At SBS and Company LLP, we have always believed that knowledge empowers action. As we release our 11th edition of the Union Budget analysis, our goal remains the same— to provide a clear, insightful, and well-researched perspective on the budgetary provisions and their impact. This publication is not just a summary of announcements but a deep dive into policy shifts, tax amendments, and economic implications that will shape decision-making for businesses, professionals, and policymakers.

This year’s budget is particularly significant, as the finance minister has announced the introduction of a new Income Tax Bill very shortly. The proposed bill aims to simplify tax laws, reduce compliance burdens, and modernize India’s tax framework. This follows key tax reforms introduced in the Budget, including the increase in the income tax exemption limit to ₹12 lakh and revised tax slabs. The new bill is expected to be a crucial step toward a more efficient and taxpayer-friendly system.

The effort and dedication that have gone into compiling this analysis reflect our commitment to excellence, clarity, and relevance. We strive to equip our readers with a comprehensive understanding of the budget, enabling them to navigate the evolving financial and regulatory landscape with confidence.

I extend my heartfelt appreciation to CA R. Narendra for his diligence and meticulous approach in preparation of this publication. I appreciate the efforts of CA A Anand Raj, CA P. Lokesh, Mr. J. Kanakaraj, and our interns Ms. B. Aananditha, Mr. J.Mukesh, Mr. A Ayyappa, Mr. S. Tejas and Ms. G. Reethika Reddy, for their contribution, in putting together this publication. Their hard work and expertise has been instrumental in making this analysis a valuable resource. A special thanks to Mrs. KL Bhavana, Chartered Accountant, for her inputs relating to GST.

I also would like to thank M/s. Padmaja Printers Private Limited, printers for their support in brining to life this analysis. A special thanks to Mr. T. Rajesh, for his assistance in publishing the analysis online.

I am happy to inform that the SBS Budget Companion 2025 is also available on ChatGPT, making it more accessible for professionals, businesses, and individuals seeking insights into the latest tax and policy changes.

Scan Here to Know More with ChatGPT

As we move forward in this dynamic economic environment, I hope this publication serves as a trusted guide for all stakeholders. I thank our readers for their continued trust and look forward to engaging discussions on how the Union Budget 2025 and the upcoming tax reforms will shape our economy in the years ahead.

Best regards,

CA Suresh Babu S
Managing Partner
SBS and Company LLP

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