Budget 2025 Quiz

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

• 15%

• 10%

• 5%

• 0%

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

• Rs. 50,000

• Rs. 25,000

• Rs. 60,000

• Rs. 75,000

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

• NIL

• Rs. 2,00,000

• Rs. 50,000

• Rs. 1,00,000

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

• 3 years

• 5 years

• 2 years

• 4 years

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

• Section 194A

• Section 80CCD

• Section 206AB

• Section 44BB

What is the proposed presumptive taxation scheme for non-residents providing services to Indian companies?

• Section 80E

• Section 206AB

• Section 44BB

• Section 44B

What is the new classification limit for micro enterprises?

• Rs. 2.5 crore

• Rs. 10 crore

• Rs. 1 crore

• Rs. 5 crore

What is the new credit guarantee cover for micro and small enterprises?

• Rs. 20 crore

• Rs. 15 crore

• Rs. 10 crore

• Rs. 5 crore

What is the new time limit for provisional assessment introduced in the customs reforms?

• 1 year

• 4 years

• 3 years

• 2 years

What is the new initiative to support the production of non-leather quality footwear?

• Scheme for Footwear and Leather Sectors

• National Manufacturing Mission

• Clean Tech Manufacturing Mission

• Export Promotion Mission