Question
An employee receives gratuity of ₹12 lakhs on
retirement. What is the maximum tax-exempt amount under the Income Tax Act?Solution
As per current rules, ₹20 lakhs is exempt for gratuity received by non-government employees under Payment of Gratuity Act.
Which of the following commission is related with the Rajiv Gandhi Killing?
Which country’s Capital topped the United Nations Environment Programme's report - Frontiers 2022: Noise, Blazes and Mismatches?
Indian Financial System Code (IFSC) is a / an
Priority Sector lending actually means lending to
What does 'VAT' stand for in the context of taxation?
Who among the following won the ‘Gulbenkian Prize for Humanity’ in 2020?
In Which Five Year Plan India Opted for Mixed Economy?
In which year was the first Census conducted?
What term describes the consumption of fixed capital in an economy?
Which one of the following pairs is correctly matched?
