Question
According to the Budget 2023, which of the following
changes is/ are correct regarding “ Income tax” ? I. Rebate limit of Personal Income Tax to be increased to Rs . 7 lakh from the current Rs . 5 lakh in the new tax regime . II. The new tax regime was introduced in 2021 . III. According to the new tax regime the highest income tax rate is 30 %.Solution
Rebate limit of Personal Income Tax to be increased to Rs. 7 lakh from the current Rs. 5 lakh in the new tax regime. Thus, persons in the new tax regime, with income up to Rs. 7 lakh to not pay any tax. Tax structure in new personal income tax regime, introduced in 2020 with six income slabs, to change by reducing the number of slabs to five and increasing the tax exemption limit to Rs. 3 lakh. Change to provide major relief to all tax payers in the new regime.
Event (A): A major reason for diseases like Parkinson’s, which don’t have a cure yet-is aggregation of toxic proteins and inefficient autophagy or ...
Based on the analogy given, find the missing word from the given options.
Helium : Noble Gas ∷ Aluminium : ?Statement : In its strongest action yet, the Unique Identification Authority of India (UIDAI) has temporarily barred Bharti Airtel and Airtel Payments ...
In the question below, two statements (I) and (II) are given. These statements may be either independent causes or may be effects of independent cause...
Effect : Wikipedia, one of the last remaining pillars of the open and decentralized web, is in existential crisis.
Which of the following can b...
Statements:
1. The city administration has implemented a complete ban on the use of private vehicles in the downtown area during peak hours. <...
Statements:
I: The Government has imported large quantities of crude petroleum as per trade agreement with UAE.
II: The prices of c...
Find the odd one out.
Statements:
1.The government reduced the interest rates on home loans.
2. There has been a significant rise in the purchase of new houses.
In the question below, two statements (I) and (II) are given. These statements may be either independent causes or may be effects of independent causes...
Relevant for Exams:
