….....................% surcharge shall be applicable on tax, if taxable income is above 1 crores but below 2 crores.

Income taxable under the Income-tax Act is classified under ……………. heads.

Previous year means the financial year immediately preceding the …………...year.

Only Government employees are eligible for deduction u/s 16 in respect of this allowance, if they opt out of the default tax regime.

Amount payable by an employer directly or indirectly to effect an assurance on the life of the assessee is a perquisite