[He is] the Exalted above [all] degrees, Owner of the Throne; He (40:15)

Almuntakhab Fi Tafsir Alquran Alkarim

He is Allah Who has the rightful claim to the position of supremacy and the highest power and authority; He is it Who occupies the glorious Throne and sends the Spirit at will on whom of His servants He wills and induces him to caution all against the Day when all shall assemble for Judgment

Tafseer Tafheem-ul-Quran by Syed Abu-al-A'la Maududi

(40:15) Exalted in Rank, *23 Lord of the Throne: *24 He causes the spirit to descend on whomsoever of His servants He pleases *25 so as to warn them of the Day of Encounter; *26

[He is] the Exalted above [all] degrees, Owner of the Throne; He meaning

*23) That is, "He is exalted far above all the creations of the world. Anything that exists in the Universe, whether an angel or a prophet or a saint, or Borne other creation, may be very exalted and superior to other creations, but it cannot be imagined to have a station anywhere near the highest rank and position of Allah, not to speak of its being an associate in His attributes and powers and authority. "
*24) That is, He is King and Ruler of the whole Universe, and Master of the Throne of the Kingdom of the Universe. (For explanation, see AI-A'raf: 54 and E.N. 41 thereof; Yunus: 3, Ar-Ra'd: 2, Ta Ha: 5 and the E.N.'s thereof).
*25) "The Spirit" implies Revelation and Prophethood. (For explanation, see An-Nahl 2, BanI Isra'il: 85 and the E.N.'s thereof). And the words: 'Allah sends down the Spirit by His Command upon whomsoever of His servants He pleases" mean this: "Nobody has a monopoly over the bounties of Allah. Just as no one has a right to object as to why was so and so given beauty, and so-and-so extraordinary powers of memory or intelligence, so also no one has the right to abject as to why so-and-so only was chosen to be a prophet and why a person of some one's own choice was not made a prophet. "
*26) The Day of Meeting": the Day when all mankind, jinn and satans will be gathered together before their Lord simultaneously and the witnesses of their acts and deeds also will be present to bear the witness.
 

[He is] the Exalted above [all] degrees, Owner of the Throne; He meaning in Urdu

وہ بلند درجوں والا، مالک عرش ہے اپنے بندوں میں سے جس پر چاہتا ہے اپنے حکم سے روح نازل کر دیتا ہے تاکہ وہ ملاقات کے دن سے خبردار کر دے