Current Affairs medium True/False

The Union Budget 2025-26 abolished the old tax regime entirely.

  1. True
  2. False

Answer: False

Budget 2025-26 made the new tax regime more attractive (zero tax up to Rs 12 lakh) but did NOT abolish the old regime — both coexist and taxpayers can choose.

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

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