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WorksheetsIncome under the head Salary
Total questions: 10
Worksheet time: 7mins
Allowances are
Fully taxable
Fully exempted
Partially Exempted
Either Fully Taxable, or Fully Exempted, or Partially Exempted
Any allowances or perquisites paid to the employee of United Nation Organisation is
Fully Taxable
Fully Exempted
Partially Exempted
Formula Based Exemption
Daily Allowance, constituency allowance and any other allowance received by MPs and MlAs is
Fully Taxable
Fully Exempted
Partially Exempted
Formula Based Exemption
Which of the following is fully Taxable Allowance?
City Compensatory Allowance (CCA)
HRA
Entertainment Allowance
All of the above
Mr. Kartik is an Employee in ABX Pvt. Ltd, being the beneficial owner of at least 20% of the ordinary shares in the employer company. He will be considered as
Specified Employee
Non- Specified Employee
All Employees
Only Director
Any other employee whose income under the head 'Salaries" exclusive of all Non-Monetary benefits or amenities exceeds ₹50,000 is
Specified Employee
Non- Specified Employee
Both
None of these
If the facility or benefit is arranged by the Employer for the Employee, then such facility or benefit shall be taxable only in the case of
Specified Employee
Non Specified Employee
In case of Both
None of these
Mr. Rahul has received Actual HRA of ₹1,000 and Salary of ₹5,000. If he paid rent of ₹800. What will be the taxable HRA when he is residing in Delhi.
₹3,600
₹8,400
₹5,000
₹2,500
Mr. Ajay has received uniform allowance of ₹800 p.m and he is spend amount if ₹400. What will be taxable amount.
₹400
₹200
₹500
₹250
Mr. Ajay has received Transport allowance of ₹3,000 p.m and he is spend amount if ₹750. What will be taxable amount.
₹2,400
₹3,000
₹1,500
₹2,250
