Questions

The standard deduction of Rs. 40,000 is seek to provide relief to salaried tax payers in the Budget proposals in place of the present exemption allowed for transport allowance and reimbursement of miscellaneous medical expenses.

The prime cost calculates the use of raw materials and direct labor, but does not factor in indirect expenses, such as advertising and administrative costs.

Supervisor's wages doesn;t come under prime cost.

Sukumar Sen, a civil servant who served as the first Chief Election Commissioner of India from 21 March 1950 to 19 December 1958.

An index is an optional structure associated with a table to have direct access to rows, which can be created to increase the performance of data retrieval. Index can be created on one or more columns of a table.