Which statement about Union Budget 2024-25 is most accurate?

Correct option is B

The Correct answer is(b) It was a full Budget presented after General Elections 2024
Explanation:
 Due to the General Elections in 2024, an  Interim Budget for FY 2024-25 was first presented in February 2024.
 After the new government was formed, a  full Union Budget for the entire fiscal year 2024-25 was presented by Finance Minister Nirmala Sitharaman on July 23, 2024.
 Therefore, statement (b) is the most accurate description of the main budget for that fiscal year. 
Information Booster:
 The Interim Budget is a temporary financial statement to cover government expenditure for a few months until a regular budget is passed by the new government.
 The full budget presented in July focused on the government's long-term vision, often termed the "Viksit Bharat Budget 2024".
 The budget did not abolish personal income tax but provided tax relief and revised tax slabs under the new tax regime, increasing the effective zero-tax income limit for some taxpayers. 
Additional Knowledge:
(a) It was an Interim Budget presented in July 2024:
 An Interim Budget was presented in February 2024, not July. The July presentation was the full budget. 
(c) It abolished personal income tax entirely:
 This is incorrect. The budget provided tax relief and adjusted slabs, but the income tax system remains in place. 
(d) It merged GST Council with Finance Commission:
 This is incorrect. The GST Council and the Finance Commission remain separate constitutional bodies with distinct functions regarding indirect tax governance and revenue distribution, respectively.