Start learning 50% faster. Sign in now
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.
Which of the following advancements did ISRO achieve with the Relocatable Robotic Manipulator-Technology Demonstrator (RRM-TD)?
What is one of the primary features of the newly launched Athlete Management System (AMS) by Hockey India aimed at nurturing talent?
Which country is the top-ranked Asian side in the latest FIFA rankings?
Oxford University Press declares ______as Children’s Word of the Year 2021.
Mahila Samman Savings Certificate that was announced in FY24 Budget by the Finance Minister has a deposit limit up to ______.
What is the primary purpose of Financial Software & Systems' (FSS) new payments technology platform 'Blaze'?
Who has been appointed as the chief selector of the Indian men's cricket team?
_________ has entered into a strategic partnership with Zoho to accelerate the digital transformation of firms across the technology ecosystem.