GK
INSURANCE AWARENESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Defence Personnel, Salaried Tax Payers & Pensioners
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Pensioners, Salaried Tax Payers & Differently-abled Persons
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Salaried Tax Payers, Pensioners & Differently-abled Persons
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Salaried Tax Payers, Defence Personnel & Differently-abled Persons
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Detailed explanation-1: -Under section 10 and section 54, you are eligible for a deduction of income tax for salaried. Exemptions under income tax for salaried people includes leave travel allowance and similar salary components, interest earned from tax-free bonds.
Detailed explanation-2: -The Chairman and Members of CBDT are selected from Indian Revenue Service (IRS), a premier civil service of India, whose members constitute the top management of Income Tax Department. Policy regarding discharge of statutory functions of the CBDT and of the Union Government under the various direct tax laws.
Detailed explanation-3: -Exclusive Tax Benefit to all NPS Subscribers u/s 80CCD (1B) An additional deduction for investment up to Rs. 50, 000 in NPS (Tier I account) is available exclusively to NPS subscribers under subsection 80CCD (1B). This is over and above the deduction of Rs. 1.5 lakh available under section 80C of Income Tax Act. 1961.