1. According to Interim Budget 2019-20, income up to which amount is exempted from Income Tax?

Answer: Rs 5 lakh

Reply

Type in
(Press Ctrl+g to toggle between English and the chosen language)

Comments

Show Similar Question And Answers
QA->According to Interim Budget 2019-20, income up to which amount is exempted from Income Tax?....
QA->In order to promote growth and investment, a new provision has been inserted in the Income-tax Act with effect from FY 2019-20 which allows any domestic company an option to pay income-tax at the rate of __ per cent subject to condition that they will not avail any exemption/incentive.?....
QA->The average monthly income of A and B is Rs. The average monthly income of B and C is Rs. 6250 and the average monthly income of A and C is Rs. What is the monthly income of A?....
QA->The Direct Tax Code (DTC) task force has recommended a major cut in corporate tax for both domestic and foreign companies. What is the newly recommended corporate tax rate for both domestic and foreign companies?....
QA->Name the economy in which people work according to the principle ‘from each according to his ability to each according to his needs’?....
MCQ->What is the difference between "vote-on-account" and "interim budget":1. The provision ofa "vote-on-account" is used by a regular Government, while an "interim budget" is a provision used by a caretaker Government. 2. A "vote-on-account" only deals with the expenditure in Government's budget, while an "interim budget" includes both expenditure and receipts. Which of the statements given above is/are correct?...
MCQ->As we all know Govt. of Indiacollects tax revenue on variousactivities in the country. Whichof the following is a part of thetax revenue of the Govt. ? (i) Tax on Income(ii) Tax on Expenditure(iii) Tax on Property or CapitalAsset(iv) Tax on Goods and Services...
MCQ->Many a times we read in the financial newspapers about a term “Progressive Tax System”. Consider the following statements in this context: 1.%%Progressive tax is harsher on the poor sections of the society 2.%%In Progressive tax, average tax rate is less than the marginal tax rate Which among the above statements is / are correct?...
MCQ->Find out which of the following are direct tax by using the codes given below. Income tax Sales tax Corporation tax Excise duty...
MCQ->As monthly income INR 10,000/- less than Bs monthly income. Bs monthly income is INR 15,000/- less than Cs monthly income. If the total monthly income of A,B and C together is INR 65,000/-, what is As monthly income ?...
Terms And Service:We do not guarantee the accuracy of available data ..We Provide Information On Public Data.. Please consult an expert before using this data for commercial or personal use | Powered By:Omega Web Solutions
© 2002-2017 Omega Education PVT LTD...Privacy | Terms And Conditions
Question ANSWER With Solution