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.
There are seven persons Anmol, Fuzail, Raju, Enamul, Dinesh, Badal and Chaman each of different professions Lawyer, Judge, Police, Professor, Architect,...
Two statements are given followed by three conclusions numbered I, II and III. Assuming the statements to be true, even if they seem to be at variance w...
Statements: Some combs are wood. Some wood are tables. Some tables are plastic.
Conclusion I: Some wood are combs.
Conclusion II: All plastic are tables.
How many pencils are not pen?
Select the figure from among the given options that can replace the question mark (?) in the following series.
Which two numbers should be interchanged to make the given equation correct?
8 + 7 × 5 ÷14 – 3 = 6
Which answer figure will complete the pattern in the question figure? (rotation is not allowed)
Select the Venn diagram that best represents the relationship between the following classes.
Snakes, Crocodiles, Reptiles
Insert arithmetical signs in the equation for it to be correct
8 ? 4 ? 2 = 16
