Conveyance Allowance is not a component of gross salary, as it is a reimbursement of expenses incurred by an employee for transportation.

The maximum limit for exemption under Section 80C of the Income Tax Act, 1961 is Rs. 1,50,000.

Tuition Fees is not a deduction allowed under Section 80D of the Income Tax Act, 1961.

The rate of tax applicable to the income slab of Rs. 5,00,001 to Rs. 10,00,000 is 20%.

TDS on Rent is not a type of tax deduction at source (TDS).

The due date for filing Income Tax Returns (ITRs) for salaried individuals is July 31st.

Carry forward of losses is not a benefit of filing Income Tax Returns (ITRs) on time.

The maximum limit for deduction under Section 80G of the Income Tax Act, 1961 is 10% of Gross Total Income.

Rebate under Section 80C is not a type of tax rebate available to salaried individuals.

The rate of tax applicable to the income slab of Rs. 2,50,001 to Rs. 5,00,000 is 5%.

Provident Fund is not a component of net salary, as it is a deduction from gross salary.

The maximum limit for deduction under Section 80E of the Income Tax Act, 1961 is Rs. 50,000.

Credit for Foreign Tax is not a type of tax credit available to salaried individuals.

The rate of tax applicable to the income slab of Rs. 10,00,001 and above is 30%.

Senior Citizen Cess is not a type of tax surcharge applicable to salaried individuals.