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WorksheetsFinancial Planning _9th_ Part 2
Total questions: 10
Worksheet time: 7mins
Any person liable to pay income tax according to the Income Tax Rules is termed an ___
Assessee
Chartered Accountant
Both 1 and 2
Identify the correct option
Permanent Accounting Number
Permanently Account Number
Permanent Account Number
Permanent Accounted Number
The amount remaining after these deductions are made, is called ___
Education Cess
Income Tax
Taxable Income
Deduction
As per Table 1, what is the fixed tax payable for the income above Rs. 10,00,000?
12500
125000
112500
125300
Table II belongs to ___ age group
Minimum 60 years
Upto 65 years
Upto 60 years
None of the above
How much percent of Secondary and Higher Education cess is applicable on amount of income tax?
Nil
1
2
3
Sumit borrowed a capital of Rs. 50,000 to start his food products business. In the first year he suffered a loss of 20%. He invested the remaining capital in a new sweets business and made a profit of 5%. How much was his profit or loss computed on his original capital?
+8000
-8000
15%
16%
What will be education cess payable on income tax of Rs. 5000?
100
50
250
500
Which individuals are considered as super senior citizens?
Age above 65 years
Age above 75 years
Age above 80 years
Age above 60 years
Rekha spends 90% of the money that she receives every month, and saves Re.120. How much money does she get monthly?
120
1000
1200
1400
