Budget 2025 Quiz

What is the new income tax slab for income between Rs. 4,00,001 and Rs. 8,00,000?

• 5%

• 0%

• 10%

• 15%

What is the increased rebate under section 87A for individuals with income up to Rs. 12,00,000?

• Rs. 75,000

• Rs. 50,000

• Rs. 60,000

• Rs. 25,000

What is the new threshold limit for TDS on interest other than interest on securities for senior citizens?

• Rs. 1,00,000

• Rs. 2,00,000

• Rs. 50,000

• NIL

What is the proposed tax benefit for contributions made to NPS Vatsalya accounts?

• No deduction

• Rs. 25,000 deduction

• Rs. 50,000 deduction

• Rs. 75,000 deduction

What is the new deadline for taxpayers to file updated income tax returns under ITR-U?

• 2 years

• 3 years

• 4 years

• 5 years

Which section was removed to ease compliance challenges for non-filers?

• Section 206CCA

• Section 206AB

• Section 206AC

• Section 206AA

What is the new classification limit for micro enterprises in terms of investment?

• Rs. 5 crore

• Rs. 2.5 crore

• Rs. 1 crore

• Rs. 10 crore

What is the proposed full exemption on customs duty for?

• Luxury goods

• Automobiles

• Medicines

• Electronics

What is the new limit for credit guarantee cover for startups?

• Rs. 10 crore

• Rs. 20 crore

• Rs. 15 crore

• Rs. 25 crore

What is the aim of the National Mission on High Yielding Seeds?

• Increase exports

• Drive research and commercial availability

• Reduce imports

• Enhance urban agriculture