MCQ on Income From Salary
Authored by Satish Bhadani
Education
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28 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Transport allowance is exempt upto Rs. 3,200 pm for which category of employees?
Govt. employees
Non-Govt. Employees
Handicapped Employee
Mentally handicapped
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Foregone salary is
Exempt if surrendered to government
Taxable in other cases
Just an application of Income
All of the above
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following allowance is fully Exempt?
Overtime allowance
Medical allowance
Allowances paid by UNO
HRA
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Salary paid to Partner by the firm is
Taxable u/h Salaries
Taxable u/h PGBP
Always exempt
Always taxable
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Transport Allowance is _.
Always Taxable
Exempt to handicapped Employees upto Rs. 3200 p.m
Always Taxable except to Handicapped employees.
Both (b) & (c)
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Medical expenditure reimbursed by the employer to the employee shall be exempt upto
Rs. 15,000 pm
Rs. 1,00,000 pa
Fully Exempt
Fully taxable
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Inclusive definition of salary is given u/s:
17(3)
17
17(1)
None
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