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Quizz - 1

Authored by Padmajothi Nagarajan

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Professional Development

Used 3+ times

Quizz - 1
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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

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