Current Affairs medium MCQ

Union Budget 2025-26 introduced a new tax regime benefit — no income tax up to which annual income?

  1. Rs 12 lakh
  2. Rs 10 lakh
  3. Rs 7 lakh
  4. Rs 15 lakh

Answer: Rs 12 lakh

Budget 2025-26 announced that individuals with annual income up to Rs 12 lakh would pay zero income tax under the new tax regime, a major relief for the middle class.

Topic Union Budget 2025-26
Exam Relevance UPSC, SSC, Banking

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