Tax Planning

Which of the following is not an investment u/s 80C for Tax exemption?

• RD
• 5 year FD
• ELSS
• PPF

Capital appreciation from investments is known as ____

• Regular Income
• Dividend Income
• Uncertain Income
• Capital gains

What is called Assessment Year?

• The year following current Financial Year
• Current Financial Year
• Year in which we file Tax Returns
• Previous year

Which of the following is considered for exemption under section 80 C?

• Interest received from Savings bank account
• Medical insurance
• Interest on Home loan
• Tuition fees paid for school / college going children

What is the tax paid by an individual who is between 18 to 59 and earns Rs 6 lakhs as per the old Tax regime?

• 36000
• 48000
• 33800
• 32500

What is the maximum deduction limit for Sec80D?

• 25000
• 100000
• 50000
• 75000

Which of the following is not eligible for Sec80C exemption?

• PPF
• PF
• Investment in Equity shares
• ELSS

what is the assessment year for FY24-25?

• AY 23-24
• AY 25-26
• AY 21-22
• AY 20-21

Indirect taxes are borne by _______.

• Traders and Brokers of goods and services
• Suppliers of goods and services
• Producers of goods and providers of services
• Consumers of goods and services

___________is a compulsory contribution to state revenue levied by Governmemt on workers income and business profits

• Tax
• GST
• CGST
• SGST