Which of the following deductions is NOT allowed under the new tax regime? Option: Transport allowance for specially-abled people, Standard deduction on salary, Investment in Notified Pension Scheme under section 80CCD(2), Depreciation under section 32, except additional depreciation

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Which of the following deductions is NOT allowed under the new tax regime?

Transport allowance for specially-abled people

Standard deduction on salary

Investment in Notified Pension Scheme under section 80CCD(2)

Depreciation under section 32, except additional depreciation

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What is the maximum annual deduction allowed under Section 80C of the Income Tax Act of India?

Rs. 1,50,000

Rs. 1,00,000

Rs. 2,50,000

Rs. 2,00,000

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What is the standard deduction available from gross total income in India?

"Rs. 1,00,000"

"Rs. 25,000"

"Rs. 50,000"

"Rs. 75,000"

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What is the maximum amount of deduction allowed under Section 80C for the financial year?

"Rs. 2,00,000"

"Rs. 50,000"

"Rs. 1,50,000"

"Rs. 1,00,000"

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What is the default tax regime in India for FY 2024-25?

Taxpayers can choose either

New Tax Regime

No default regime

Old Tax Regime

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What is the maximum amount that can be deducted from gross income under Section 80C of the Income Tax Act in India?

"Rs. 2,50,000"

"Rs. 2,00,000"

"Rs. 1,50,000"

"Rs. 1,00,000"