Step 1: Know the two limits BIS sets for fluoride. Under IS 10500, the desirable or acceptable level of fluoride in drinking water is $1.0\ \mathrm{mg/L}$. Step 2: Identify the permissible limit. When no alternate water source is available, the standard allows the concentration to go up to a maximum permissible limit before the water is rejected. Step 3: Match this to the options. $0.5$ and $1.0\ \mathrm{mg/L}$ are too low for the permissible cutoff, and $2.5\ \mathrm{mg/L}$ is beyond what BIS allows even in the absence of an alternate source. \[ \boxed{1.5\ \mathrm{mg/L}} \]