What is the amount which is allowed as standard deduction under section 16 from Gross salary while computing the Income under head salary?
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.
Select the alternative that will improve the bold part of the sentence in case there is no improvement select “No improvement”.
Some people ...
In each of the questions given below, a sentence is given, divided into parts. One of the parts may contain an error. You are required to identify the ...
Identify the segment in the sentence that contains a grammatical error.
The comedian / looked very funny that /the audience could not / control...
In each of the questions, a sentence has been divided into four parts, one of which may contain an error. Identify that fragment and mark it as your an...
The transition by online classes (A)/to offline education was smooth (B)/for the much part, (C)/ with teachers and students (D)/adapting at COVID-19 sa...
Find the appropriate ERROR
Debt bondage and forced labour flourish (A)/because the Government has (B)/do nothing to ensure (C)/the economic security of labourers (D).
Reacting for RBI’s call for paring (1)/small savings rates, the official stressed that (2)/interest rate discussions often (3)/ get too focussed o...
In the sentence, identify the segment which contains the grammatical error.
Several work of art were stolen from the town museum yesterday.
1) you can't
2) afford to be
3) complacent about
4) your security.
5) No error