No, the season pass only has the dark below and the house of wolves in it, you would still to pay an additional $40 for the taken king.
Your most economical option is to purchase the Legendary Edition for $60. It includes the entire destiny franchise including the taken king. (Destiny, the dark below, house of wolves, and the taken king) That would give you everything at the cheapest cost.
Another thing to consider: If you are playing on PS3 and plan to upgrade to PS4 anytime soon, wait until you have a PS4, and purchase the legendary edition for PS4. If you purchase it for PS3, you would have to repurchase everything again for PS4 because there is no free digital upgrade from PS3 to PS4 for the original destiny game, and the taken king.
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Thanks for the help. And i have it on ps4
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Then the PS4 legendary edition is your cheapest option if you choose to buy and get back in the game.