Quizz - 1
Quiz
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Other
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Professional Development
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Hard
Padmajothi Nagarajan
Used 3+ times
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9 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 20 pts
Maximum HRA exemption that an Individual can claim
Actual Rent paid
Rent Paid - 10% of basic
HRA received
40 or 50 % of basic based on the city
2.
MULTIPLE SELECT QUESTION
45 sec • 20 pts
In New Tax Regime, what are the exemptions that individual can claim?
Sec 10(13A)
Sec 10(10AA)
Sec 80CCD(2)
Sec 10(10)
3.
MULTIPLE SELECT QUESTION
45 sec • 20 pts
Select the Investment / Expenses made for parents can be claimed for Exemption
Life Insurance
Health Insurance
Senior Citizen savings scheme
Leave travel allowance
4.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Select the loan type for which individuals can exemption under chap VI A?
Mortage loan
Education loan
Renowation for House property
Loan for Electric Vehicle
Car loan
5.
MULTIPLE CHOICE QUESTION
30 sec • 20 pts
Maximum exemption to be claimed on the cost preventive health check up is
Rs. 5000 for each individual in family
Rs. 5000 for all family members
Rs. 5000 separately for self and parents
Rs. 5000 separately for self, children and parents
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Payment towards Medical Insurance made in cash will be considered for exemption ?
True
False
7.
MULTIPLE CHOICE QUESTION
45 sec • 20 pts
Conditions to claim additional Exemption on Interest payment towards the Housing loan. Loan borrowed on 25th March 18
At the time of loan sanctioned, Individual haven't owned any House property
Value of the property is less than 50 Lakhs
Value of the loan is less than 35 Lakhs.
All the above
None of the above
8.
MULTIPLE CHOICE QUESTION
45 sec • 20 pts
Conditions to claim additional Exemption on Interest payment towards the Housing loan. Loan borrowed on 25th April 19
At the time of loan sanctioned, Individual haven't owned any House property
Stamp duty value of the property is less than 45 Lakhs
All the above
None of the above
9.
MULTIPLE CHOICE QUESTION
45 sec • 20 pts
Principal paid on pre-construction period will be considered for exemption in ___ equal of annual installments
5
3
7
0
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