What does CTC stand for in the context of a salary slip?

Cost to Company Comprehensive Total Compensation Calculated Tax Contribution Cumulative Tax Calculation

Which of these components of a salary is typically used as a primary factor in determining an individual's income tax bracket?

House Rent Allowance Conveyance Allowance Basic Salary Medical Allowance

What is the maximum tax-exempt amount for Conveyance Allowance in India, as per the given text?

Rs 15,000 Rs 2,500 Rs 1,600 Rs 1,200

Which of the following is NOT a metro city as recognized by the income tax department in India for HRA calculations, according to the text?

Mumbai Bengaluru Kolkata Delhi

What is the maximum amount an individual can claim as a tax exemption under Section 80C of the Income Tax Act, as per the text?

Rs 2,500 Rs 15,000 Rs 1,50,000 Rs 1,600

Which of these is a government savings scheme designed to safeguard an individual's retirement, as mentioned in the text?

ELSS TDS EPF HRA

Which of the following states does NOT levy a professional tax, according to the information provided in the text?

Kerala Uttar Pradesh Maharashtra Bihar