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.
Which of the following data structures is most suitable for implementing a priority queue with efficient insertion and deletion operations based on prio...
What is the primary goal of access authentication in computer systems?
Which of the following is a primary advantage of a microservices architecture compared to a monolithic architecture?
The latency of a network is
Which of the following statements accurately describes the role of system calls in an operating system?
What is the shortcut for 'Undo' in most software?
Which keyword is used for inheritance in C++?
Which statement is FALSE regarding DRAM memory?
Which I/O scheduling algorithm is designed to reduce the average response time for disk operations by prioritizing requests based on proximity to the cu...
What is the primary goal of concurrent programming in software development?
Relevant for Exams:
