Start learning 50% faster. Sign in now
The salaried individuals and pensioners can claim a certain amount under standard deduction under Income Tax Act, by default without any investment or spending of money by the taxpayers. The provision was taken down for a number of years and was re-introduced during the Budget announcement in 2018. With effect from FY 2024-25, under the new tax regime , the standard deduction is increased to Rs.75,000 , while salaried taxpayers are eligible for the standard deduction of only Rs.50,000 under the old regime.
Chief Minister of which state has inaugurated a project of the Women and Child Development department to provide milk and eggs to children at all angan...
What is the average thickness of the continental crust of earth?
What was the percentage increase approved by the government for the MSP for wheat for the 2025-26 Rabi marketing season?
Which of the following statements best describes Stagflation?
What is the maximum age for a member of a joint public service commission to hold his/her office as per the Constitution of India?
Which is the longest mountain range in the lesser Himalayas?
Consider the following statements in relation to Sovereign Gold Bond: not correct
1. To be issued by RBI on behalf of the Government of In...
Which group of animals are named because of their spiny skin and have a peculiar water-driven tube system that they use for moving around?
According to the inscriptions of the Chola dynasty, ____ is the land that is gifted to temples.
'Economic Reservation in India' was passed by Amendment _______ of the Constitution.