Which of the following is a key feature of the 2026 New TDS Rules? MCQ with Answer and Explanation

Which of the following is a key feature of the 2026 New TDS Rules?
A. TDS is applicable only to salaried individuals
B. Changes impact salary deductions and compliance
C. Standard deduction provisions are completely abolished
D. HRA taxation is fully exempted
Answer: Option B
Solution (By JKExamLibrary)
The updated TDS rules affect salary taxation, HRA exemptions, and ITR filing. However, standard deduction may be revised or adjusted, not necessarily unchanged, making statement 2 incorrect.

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Practice More Current Affairs 2026 Section 1 Questions

Question #1 Report Error
Which of the following is the theme of the 2026 Global Wind Day Conference hosted by India?
A. Wind Energy: From Ambition to Acceleration
B. Wind Energy: Powering the Future
C. Wind Energy: Sustainable and Clean
D. Wind Energy: Innovations for Tomorrow

Correct Answer: Option A


Explanation:
The theme of the 2026 Global Wind Day Conference hosted by India was 'Wind Energy: From Ambition to Acceleration'.

Question #2 Report Error
The deadline for filing ITR-1 or ITR-2 for FY 2025-26 (AY 2026-27) is:
A. July 15, 2026
B. July 31, 2026
C. August 31, 2026
D. August 15, 2026

Correct Answer: Option B


Explanation:
Individuals required to file ITR-1 or ITR-2 for FY 2025-26 must complete the process by July 31, 2026.[reference:99]

Question #3 Report Error
Google launched quantum processor named what?
A. Sycamore
B. Bristlecone
C. Eagle
D. Willow

Correct Answer: Option D


Explanation:
Quantum computing advancement.