This year’s budget proved the phrase “expect the unexpected” from a personal tax perspective. There was much speculation until the budget day regarding reduction in slab rates and other sops for the salaried class. However, the Finance Minister came up with a simple, yet impactful set of proposals to please the common man. The existing tax rate of 10% for income range between ₹ 2.5 lakh and ₹ 5 lakh has been brought down to 5%, which has cheered many. This, coupled with the existing deduction available under section 80C of the act will ensure that individuals won’t have to pay any income tax up to an income of ₹ 4 lakh. Ironically, we may not know how much of such 80C deductions could be utilised by the low-income group taxpayers, but still the benefit stands, if the qualifying investments are made to avail the deduction under 80C of the act. Further, this budget also simplified the tax filing process as a one pager return for the salaried class up to a taxable income of ₹5 lakh without any business income.
Tungro disease of rice is transmitted by which insect?
Which mango hybrid variety is characterized by early maturity, dwarf size, and attractive color, suited for the Chotanagpur Region in India?
The larval stage is predatory whereas the adults are pollinator in case of
The factor for conversion of ppm to kg/ha is:
Field capacity is the upper limit of available soil moisture. At field capacity, how much is the suction pressure?
Botanical name of jowar is:
The theory of ascent of sap was given by _____
Which of the following preservative is used for coloured juices?
Which among the following is an example of Pseudocarpic fruit?
Which variety of Sorghum exhibits tolerance to drought and salinity?