Get Started with ixamBee
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.
What is the focus of the collaboration between IIT Madras and GIC Re in February 2023?
What is the minimum tenor allowed for a NCD as per the Master Direction of Reserve Bank of India (Commercial Paper and Non-Convertible Debentures of ori...
Financial position of the business is ascertained on the basis of?
What are the eligibility criteria’s to be met by an applicant desirous of being registered as a Global In-House Centre as per the International Financ...
As per Reserve Bank of India (Interest Rate on Advances) Directions, 2016 regarding External Benchmark can a bank adopt multiple benchmarks within a loa...
When was the International Financial Services Centres Authority established?
The income from the transfer of digital assets shall be taxed at ______?
What will be the impact on Return on Equity if cash is paid to the creditors?
As per which convention, trivial transactions can be ignored?
As per the revised instructions, the credit balance in any deposit account maintained with banks, which have not been operated upon for how many years o...
