Question
What is the amount which is allowed as standard
deduction under section 16 from Gross salary while computing the Income under head salary?Solution
Section 16 of the Income Tax Act allows a standard deduction of Rs. 50,000 from the gross salary of an employee. This deduction is available to all salaried employees, irrespective of their income or deductions claimed under other sections. The standard deduction is a flat deduction, which means that it is not dependent on the actual expenses incurred by the employee. It is a way of providing a basic level of tax relief to all salaried employees.
It is no ___________ that the disproportionate effect of this _________ regression in the Labour Code will _________ on Dalits and the landless.
I didn’t realize how hurtful my words had been until I saw Sherrie’s expression, _________ with shock.
In the question given below, there is a sentence of which some parts have been jumbled. Rearrange these parts, which are labeled as P, Q, R, and S, to...
Select the most appropriate option to fill in the blank.
Credit cared ----------has increased in recent years.
In the question given below, two sentences are given with one blank each. From the given options, choose the word that correctly fits both sentences.
In the following sentence, there is a blank space. Below this, there are four options with one word each. Fill up the blank with the word that makes th...
Fill in the blank with the most appropriate word.
My mother does not ______ spectacles .
Roger Federer’s greatness lies not in smothering the competition, but in _________ the game.
(A) win            (B) up...
Kill two birds with one ___________.
After a lot of huffing and puffing, he eventually ____________ to our request.
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