Question
What is the standard deduction allowed on income from
salaries under New Tax regime of Income Tax as announced in the Union Budget 2024-25?Solution
The salaried individuals and pensioners can claim a certain amount under standard deduction under Income Tax Act, by default without any investment or spending of money by the taxpayers. The provision was taken down for a number of years and was re-introduced during the Budget announcement in 2018. With effect from FY 2024-25, under the new tax regime , the standard deduction is increased to Rs.75,000 , while salaried taxpayers are eligible for the standard deduction of only Rs.50,000 under the old regime.
A instigates B to murder C. B refuses to do so. In this case which of the following is true statement?
Indian Constitution has established a __________ government?
‘A’ marries ‘B’, the widow of his elder brother. The marriage is:
No company shall issue a prospectus or make an offer or invitation to the public or to its members _______________for the subscription of its debentures...
Who is considered an "allottee" in relation to a real estate project according to the RERA?
As per section 21 of the Airports Authority of India Act ho has the authority to make contracts on behalf of the Authority?
Which section of the Insurance Act deals with the provisions relating to the restrictions on the opening of a new place of business?
Insurance Regulatory Development Authority was setup on the recommendation of Malhotra Committee which was headed by __________________ and who was ____...
Who amongst the following is not a complainant as per Consumer Protection Act, 2019?
As per Art. 24 of the Indian Constitution, no child of ________ years of age shall be working in any hazardous employment in a factory?
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