A. Dearness allowanceB. Lunch allowanceC. Medical allowanceD. All of the above
Tag: Income Tax Laws MCQs
It is an extra amount given to an employee to meet the burden of inflation or increased cost of living.
A. House Rent allowanceB. Dearness allowanceC. both a and bD. none of the above
An allowance to meet the expenses in connection with the rent of the house, by whatever name called
A. House Rent allowanceB. PerquisitesC. pensionD. none of the above
means fixed quantum of money given regularly in addition to salary to meet particular
A. AllowanceB. PerquisitesC. pensionD. none of the above
Arear on salary are taxable on
A. ReceiptB. dueC. Receipt or due whichever is earlierD. none of the above
salary is chargeable to tax on
A. ReceiptB. dueC. Receipt or due whichever is earlierD. none of the above
Salary should have relationship
A. employer employeeB. Master and serventC. both a and bD. none of the above
.A is entitled to children education allowance @ Rs. 80 p.m. per child for 3 children amounting Rs. 240 p.m. It will be
A. 200B. 260C. 160D. 240
which of the following are the basic condition to become resident of India
A. He must be in India for 182 days or more in releventB. He must be in India for 60 days or more inC. both a and bD. none of the above
Capital Losse Can be carry forward up to next assessment years from the assessment year in which
A. 8B. 4C. 2D. 5