Budget 2025: From relief in taxation to increase in education fund allocation, what students can expect from Finance Minister in upcoming Union Budget

From taxation relief to removing securities transaction tax (STT) and long-term capital gains (LTCG) tax, and demanding to increase expenditure on the education sector to increase allocation for the tourism sector, students expect these things, as reported by Zee Business.

Students wish to increase in expenditure on the education sector.

Individuals and corporations can benefit from tax relief by lowering their tax payments or settling tax debts.

Students' wishlist also includes the health insurance scheme coverage. Some of them expect financial assistance should be increased to Rs 10 lakh from the current Rs 5 lakh for one family under AB PM-JAY.

Some students also expect the expansion of capex and PLI scheme. The need to increase capital expenditure (capex) and production-linked incentive (PLI) schemes in India is driven by the need to expand manufacturing, reduce import dependency, and generate employment. 

The students also expect some changes in the new tax regime slab.

There should be an increase in the fund allocations to the tourism industry, according to the students.

As Zee Business asked students for their wishlist, some of them said, "we expect securities transaction tax (STT) and long-term capital gains (LTCG) tax removal in the upcoming union budget."

This might be due to their interest in the stock market, or it could be that some of them are trading on other people's accounts.

"Jobs-oriented budget should be there", some of the students said.

Government should focus more on the R&D and AI sectors.

Students also demand to increase the duty on gold to reduce the fiscal deficit.