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Income under the head Salary

Total questions: 10

Worksheet time: 7mins

Name
Class
Date
1.

Allowances are

a)

Fully taxable

b)

Fully exempted

c)

Partially Exempted

d)

Either Fully Taxable, or Fully Exempted, or Partially Exempted

2.

Any allowances or perquisites paid to the employee of United Nation Organisation is

a)

Fully Taxable

b)

Fully Exempted

c)

Partially Exempted

d)

Formula Based Exemption

3.

Daily Allowance, constituency allowance and any other allowance received by MPs and MlAs is

a)

Fully Taxable

b)

Fully Exempted

c)

Partially Exempted

d)

Formula Based Exemption

4.

Which of the following is fully Taxable Allowance?

a)

City Compensatory Allowance (CCA)

b)

HRA

c)

Entertainment Allowance

d)

All of the above

5.

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

a)

Specified Employee

b)

Non- Specified Employee

c)

All Employees

d)

Only Director

6.

Any other employee whose income under the head 'Salaries" exclusive of all Non-Monetary benefits or amenities exceeds ₹50,000 is

a)

Specified Employee

b)

Non- Specified Employee

c)

Both

d)

None of these

7.

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

a)

Specified Employee

b)

Non Specified Employee

c)

In case of Both

d)

None of these

8.

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.

a)

₹3,600

b)

₹8,400

c)

₹5,000

d)

₹2,500

9.

Mr. Ajay has received uniform allowance of ₹800 p.m and he is spend amount if ₹400. What will be taxable amount.

a)

₹400

b)

₹200

c)

₹500

d)

₹250

10.

Mr. Ajay has received Transport allowance of ₹3,000 p.m and he is spend amount if ₹750. What will be taxable amount.

a)

₹2,400

b)

₹3,000

c)

₹1,500

d)

₹2,250