Union Budget 2021 FAQs: Checkout funds allocation in different sectors

Union Budget 2021 FAQs: Checkout funds allocation in different sectors
While the Indian economy was already reeling under the slowdown, the coronavirus blow just made it worse. And, now all eyes are on the Finance Minister Nirmala Sitharaman today on February 1, as she tables the budget for the next fiscal year in the Lok Sabha.

  1. What is the budget for COVID support?
    Finance Minister Nirmala Sitharaman allocates Rs. 27.1 lakh crore for COVID support.
  2. What is the health care budget?
    FM Nirmala Sitharaman allocates Rs. 2,34,846 crore for health care for FY 2021-22.
  3. What is the budget for Railways for FY 2021-22?
    FM allocates Rs. 1.10 lakh crore for Railways for FY 2021-22.
  4. What is the Power sector budget for FY 2021-22?
    Rs. 3.05 lakh crore have been allocated for power sector by FM Sitharaman during the Union Budget 2021 session.
  5. What is the budget for Swachh Bharat Abhiyan?
    Rs. 1.42 lakh crore have been allocated for Swachh Bharat Abhiyan 2.0 by FM Nirmala Sitharaman announced during Union Budget 2021 session.
  6. What is the budget for Atmanirbhar Health Yojana?
    FM announces Atmanirbhar Health Yojana with an outlay of ₹64,180 crore over 6 years.
  7. What is the Infrastructure budget for FY 2021-22?
    FM Sitharaman allocates Rs. 20,000 crore for Infrastructure for the fiscal year 2021-22.
  8. What is the capital expenditure for FY 2021-22?
    The government has increased the capital expenditure from Rs. 4.39 lakh crore last year to Rs. 5.54 lakh crore for FY 2021-22.
  9. What is the budget for Jal Jeevan Mission?
    FM Sitharamn allocates Rs. 2.87 lakh crore to Jal Jeevan mission for FY 2021-22.
  10. What is the Defence budget for FY 2021-22?
    For FY 2021-21, Rs. 4.78 lakh crore have been allocated for the defence ministry.
  11. What are the changes in Income Tax slabs for FY 2021-22?
    Budget 2021 does not lay down any change in income tax slabs.
IncomeOld Tax Regime RateOld Tax Regime Rate
Up to ₹2.5 lakhNilNil
₹2.5 lakh to ₹5 lakh5%5%
₹5 lakh to ₹7.5 lakh20%10%
₹7.5 lakh to ₹10 lakh20%15%
₹10 lakh to ₹12.5 lakh30%20%
₹12.5 lakh to ₹15 lakh30%25%
Above ₹15 lakh30%30%


Union Budget 2021 highlights: Migrant and gig workers to get minimum wages, social security

Budget 2021 Live Updates : A big jump in health budget, higher foreign investment in insurance and special emphasis on agriculture feature in Sitharaman's speech

Checkout India’s budget 2021 key Highlights