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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 article empowers the President of India to promulgate ordinances?
Which country’s constitution influenced the federal system and residuary powers in India’s Constitution?
Who presided over the first session of the Indian National Congress (INC)?
If a Panchayat is dissolved, elections are to be held within –
Who discovered Electron?
The "Right to Property" ceased to be a Fundamental Right after which constitutional amendment?
Which Article of the Indian Constitution promotes communal harmony during religious processions?
The term "Secular" was incorporated into the Preamble of the Indian Constitution by which amendment?
Which article of the Indian Constitution gives the right to every citizen to seek constitutional remedy from the Supreme Court when they have been depri...
Under which list does the regulation of telecommunication networks fall as per the Indian Constitution?
