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 of the following states has very little alluvial soil?
_______kind of permanent soil and water conservation structures are preferred when the purpose is to capture a part of runoff inside the stream (upstre...
The temporary roots in maize root system are
āDevineā and āCollegoā are two agricultural substances used as
Botanical name of oats isĀ Ā Ā Ā Ā Ā Ā Ā
Rice crop prefer the pH of:
Theobromine compound is found in which of the following crop?
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The recommended dose of fertilizers for rainfed maize in Alfisols is _______kg N/P2 O5 K2 O/ha
Molya disease of wheat and barley is caused by which nematode:-
With the increase in carbon number in fatty acid chain, the melting point-
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