WorksheetsSalary Income
Total questions: 15
Worksheet time: 13mins
Which of the following is not a fully taxable allowance?
D.A.
H.R.A.
Medical allowance
City Compensatory allowance
Income tax is a
Direct tax
Indirect tax
Total tax
Net tax
Health and education cess is
6%
2%
4%
8%
Income tax is imposed on
Half-yearly
Annually
Monthaly
Daily
Assessment year start on
1st March
1st January
1st May
1st April
How many head of income are there
Six
Seven
Five
Four
Section for computation of income from salary is
11 to 13
15 to 17
18 to 20
21 to 23
RPF full form in income tax is
Reserve police force
Reserve provident fund
Recognized provident fund
Regular provident fund
Exemption limit of interest credit to RPF is
6.5%
7.5%
8.5%
9.5%
Employer contribution to RPF is exempted upto ______ of salary.
10%
12%
14%
16%
Education allowancw is exempted
Rs. 100 per month per child, maximum up to 2 children
Rs. 100 per month per child, maximum up to 3 children
Rs. 200 per month per child, maximum up to 2 children
Rs. 200 per month per child, maximum upto 3 children
Entertainment allowance is
Partly exempted
Fully exempted
fully taxable
None of the Above
Hostel expenditure allowance is exempted
Rs. 100 per month per child, maximum up to 2 children
Rs. 200 per month per child, maximum up to 2 children
Rs. 300 per month per child, maximum up to 2 children
Rs. 300 per month per child, maximum up to 3 children
Free food during working hours at office/ business premises exempted up to
Rs. 25 per meal
Rs. 30 per meal
Rs. 60 per meal
Rs. 50 per meal
Maximum amount deductable under u/s 80C is
Rs. 1,00,000
Rs. 1,50,000
Rs. 2,00,000
Rs. 2,50,000
