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.
The speaker stressed (1)/repeatedly on the (2)/importance of improving the (3)/condition of the slums.(4)
Identify the segment that contains a grammatical error. If there is no error, select 'No error'.
We seem to be blind in the fact that we are all ...
Wealthier countries in Europe/ need to do far more when /it comes to stumping up/ proper resources for overseas conservation.
During his first two terms, Mr. Modi travelled (A)/ to 10 African countries, including (B)/ Uganda, where he delivered a historic (C)/ speech outlining ...
The government has the benefit of a (1)/detail blueprint on comprehensive tax (2)/ reforms prepared by experts, and it (3) should be actualised through ...
Read each sentence to find out whether there is any error in it. The error, if any, will be in one part of the sentence. Mark the part with the error as...
Scarcely had (1)/ Veer finished (2)/ eating then he got (3)/ a stomach ache (4)/ No error (5)
Mohan is respected / by everyone / because he works / hardly.Â
Which of the following can replace the emboldened part to make it grammatically correct? Also, identify the part which has an error, if any in the remai...
The Water Resources Department has started (1)/work to widen the stretch of the Adyar (2)/near Kundrathur to facilitate free flow of water (3)/and prev...
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