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Budget 2025 Quiz

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

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

a)

15%

b)

10%

c)

5%

d)

0%

2.

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

a)

Rs. 50,000

b)

Rs. 25,000

c)

Rs. 60,000

d)

Rs. 75,000

3.

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

a)

NIL

b)

Rs. 2,00,000

c)

Rs. 50,000

d)

Rs. 1,00,000

4.

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

a)

3 years

b)

5 years

c)

2 years

d)

4 years

5.

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

a)

Section 194A

b)

Section 80CCD

c)

Section 206AB

d)

Section 44BB

6.

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

a)

Section 80E

b)

Section 206AB

c)

Section 44BB

d)

Section 44B

7.

What is the new classification limit for micro enterprises?

a)

Rs. 2.5 crore

b)

Rs. 10 crore

c)

Rs. 1 crore

d)

Rs. 5 crore

8.

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

a)

Rs. 20 crore

b)

Rs. 15 crore

c)

Rs. 10 crore

d)

Rs. 5 crore

9.

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

a)

1 year

b)

4 years

c)

3 years

d)

2 years

10.

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

a)

Scheme for Footwear and Leather Sectors

b)

National Manufacturing Mission

c)

Clean Tech Manufacturing Mission

d)

Export Promotion Mission