Question
A salaried employee earns ₹18 lakhs annually. In FY
2024–25, she contributes ₹1.5 lakh to PPF, ₹50,000 to NPS (u/s 80CCD(1B)), and pays ₹2 lakh as home loan interest on an electric vehicle loan. Under the new regime, what will be her taxable income?Solution
Under new regime, most deductions under Chapter VI-A (except 80CCD(2)) & 80EEB are not allowed. • Gross Salary Income = ₹18,00,000 • Deductions claimed: o ₹1.5 lakh to PPF → Not allowed o ₹50,000 to NPS (80CCD(1B)) → Not allowed o ₹2 lakh interest on EV loan (80EEB) → Not allowed Allowed Deduction: • Standard deduction: ₹50,000 (allowed under new regime) Taxable Income Calculation (New Regime): Taxable Income = ₹18,00,000 – ₹50,000 = ₹17,50,000
Traditionally the internet slows down to a trickle, since everybody who are not on the street is likely to be online.
Identify the best way to improve the underlined part of the given sentence. If there is no improvement required, select 'no improvement'.
I th...
Of the four given options, choose the most appropriate one.
The manager could not able to understand the problem the factory workers faced.
- In each question below, a sentence is given with a word printed in bold type, which may be correct or erroneous. Each sentence is followed by four words. F...
In the following question, out of the four alternatives, select the alternative which will improve the bold part of the sentence. In case no improve...
In the questions, a part of the sentence is highlighted. Below are given alternatives to the highlighted part which may improve the sentence. Choose th...
In the question below, three sentences are given with a part highlighted in bold. From the options, choose the phrase that can replace the highlighted ...
A callous system generates nothing but a misanthrope.
Given below is a sentence with one blank. Below the sentence are given four words among which one word might fill the blank. If none of the words fill ...