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INCOME TAX BASICS

Total questions: 10

Worksheet time: 2mins

Name
Class
Date
1.

INCOME TAX is a

a)

Direct Tax

b)

Indirect Tax

c)

Corporation Tax

d)

Death Tax

2.

Find out the RELEVANT PREVIOUS YEAR

a)

2025-2026

b)

2026-2027

c)

2025

d)

2027

3.

Securities Transactions Tax is an example of

a)

G S T

b)

Indirect Tax

c)

Direct Tax

d)

Customs Duty

4.

Heads of Income are (a)   in number

5.

Basis CANONS of TAXATION are given by

a)

Steve Smith

b)

Mark Smith

c)

Gold Smith

d)

Adam Smith

6.

The Due date for filing of return is

a)

31st JULY

b)

30th JUNE

c)

31st MARCH

d)

30th APRIL

7.

Cantonment Board is a

a)

Firm

b)

Company

c)

Local Authority

d)

Artificial Juridical Person

8.

Under old regime, if the income is less than ________ for an individual (59 Yrs), then he need not pay any tax.

a)

2,25,000

b)

2,50,000

c)

3,00,000

d)

5,00,000

9.

Health & Education Cess is (a)   %

10.

Under old regime REBATE of Rs.12,500 or Less shall be applicable if the TAXABLE INCOME is less than

a)

3,00,000

b)

5,00,000

c)

2,50,000

d)

7,50,000