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      Question

      What is the increased income tax rebate limit announced

      in India’s 2025–26 Budget?
      A ₹10 lakh Correct Answer Incorrect Answer
      B ₹8 lakh Correct Answer Incorrect Answer
      C ₹11 lakh Correct Answer Incorrect Answer
      D ₹12 lakh Correct Answer Incorrect Answer
      E ₹9 lakh Correct Answer Incorrect Answer

      Solution

      The 2025–26 Union Budget raised the income tax rebate threshold to ₹12 lakh, providing ₹1 lakh crore in relief to taxpayers. This reform was aimed at enhancing disposable income and boosting consumption-led growth, especially among the middle class.

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