WorksheetsDay 2 - Back to Basics
Total questions: 15
Worksheet time: 8mins
Surcharge of 10% (percent) is payable by an Individual where the total income exceeds:
Rs. 7,50,000
Rs. 8,50,000
Rs. 50,00,000
Rs. 20,00,000
According to new tax regim , what will be tax rate if total income exceeding Rs. 15,00,000 ?
1.30%
2.10%
3.15%
4.25%
What will be the leviable tax rate as per alternative minimum tax u/s 115JC ?
10%
12.5%
30%
18.5%
Under which section rebate u/s 87A is not available ?
111A
115JB
112A
115BAC
What will be the rate of surcharge in case of foreign company when net total income > 1 crore but upto Rs 10 crore ?
7%
2%
5%
12%
In case of domestic company total turnover or gross receipts of P.Y 2018-19 upto ___________ then applicable tax rate is 25%
450 crore
600 crore
400 crore
500 crore
Surcharge @12 is payable by a domestic company if the total income exceeds
10 lakhs
1 crore
10 crore
None of the above
Which of the following allowance/deduction is available under new tax regime?
Helper allowance
Children education allowance
House rent allowance
Transport allowance
From which P.Y the new tax regime is available?
P.Y.2019-20
P.Y.2020-21
P.Y.2021-22
P.Y.2018-19
Which form the taxpayer has to furnish to the income tax department before filing the tax return if the taxpayer intends to opt new tax regime?
Form 10IE
Form10IB
Form10IC
Form10ID
The total income of Atul , a resident individual ,is Rs.265000. the rebate allowable u/s 87A would be
Rs. 2000
Nil
Rs. 1500
Rs.750
Tax on short term gain on sale of listed shares is
20%
25%
30%
15%
Which of the following is eligible for 100% deduction?
National children fund
Rajiv Gandhi foundation
National sports fund
Nehru memorial fund
Advance tax is payable when tax payable by an assessee is ___________ or more
Rs.5000
Rs.10000
Rs.15000
Rs.100000
Section 10 of income tax act deals with
Deduction
Exempted incomes
Income from salary
Casual income
