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.
Which control strategy among the following options poses the greatest risk to non-target organisms in the environment?
The biological yield of a crop refers to the total production of which of the following?
Which one of the following fruits is non-climacteric?
The break even pricing strategy is also called .................................?Â
Which fertilizer has 2 primary essential nutrients?
National Agriculture Market (eNAM) is a pan-India electronic trading portal which networks the existing APMC mandis to create a unified national market ...
Bronzing is an after effect of ______deficiency in plantsÂ
National Agricultural Cooperative Marketing Federation of India Ltd.(NAFED) was established on the auspicious day of Gandhi Jayanti on 2nd October 1958....
…………………silkworm spp. Is commonly reared in Ricinus communis
Disease caused by Flexibacter columnaris ,is characterized by saddle-shaped lesions in the mid-body position about the dorsal fin of the fish?
Relevant for Exams:
