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      Question

      As per Union Budget 2025-26, under the new tax regime,

      up to what annual income is an individual exempt from paying any income tax?
      A ₹7 lakh Correct Answer Incorrect Answer
      B ₹10 lakh Correct Answer Incorrect Answer
      C ₹12 lakh Correct Answer Incorrect Answer
      D ₹15 lakh Correct Answer Incorrect Answer
      E ₹5 lakh Correct Answer Incorrect Answer

      Solution

      In the Union Budget 2025-26, the government raised the income tax exemption limit under the new tax regime to ₹12 lakh (₹12.75 lakh for salaried individuals due to a ₹75,000 standard deduction). This move aims to boost disposable income and consumption.

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