Manoj,a resident, employed in ABC Ltd., an Indian company, has gross a – McqOptions

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1.	Manoj,a resident, employed in ABC Ltd., an Indian company, has gross annual salary income of Rs. 20,60,000. The standard deduction available under section 16(1) would be _________ .
A.	Nil
B.	Rs. 30,000
C.	Rs. 40,000
D.	Rs. 50,000
Answer» D. Rs. 50,000

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