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.
After arranging the given words according to dictionary order, which word will come at Third position?
1. Region
2. Register
3. Reg...
Statement: H
F ≥ U = M conclusion:
i) M> I
ii) P>
iii) H
Select a figure from amongst the Answer Figures which will continue the same series as established by the five Problem Figures.
Problem Figures: ...
In a certain code language, ‘LENGTH’ is written as ‘MDKGSF’ and ESCAPE’ is written as ‘BRDDOZ. How will ‘MARGIN’ be written in that lang...
Which letter-cluster will replace the question mark (?) to complete the given series?
VQSN, ?, ROOL, PNMK, NMKJ
Statements:
Some mugs are jars.
All jars are bottles.
All glasses are mugs.
Conclusions:
I. All glasses are jars....
Three of the following numbers are alike in a certain way and one is different. Pick the odd one out. (NOTE : Operations should be performed on the whol...
Select the option that represents the letters that when placed from left to right in the blanks below will complete the given letter series.
N _ ...
Statement:
A. All germanium is lithium.
B. Some deuteron are plumbum.
C. Some germanium is chlorine.
Conclusion:
(I) ...
MASTER : TSAMRE :: SMILES : LIMSSE :: FLIMSY : ?
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