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INCOME TAX BASICS (26-27)

Total questions: 15

Worksheet time: 7mins

Name
Class
Date
1.

Broad Types of Taxes are

a)

WEALTH TAX

b)

GOODS & SERVICES TAX

c)

GIFT TAX

d)

DIRECT & INDIRECT TAX

2.

HOW MANY HEADS OF INCOME ARE THERE IN INCOME TAX?????

a)

EIGHT

b)

SIX

c)

FIVE

d)

TWO

3.

Mr. JEFFIN IS a ?????

a)

NICE PERSON

b)

HUMAN BEING

c)

ALIEN

d)

INDIVIDUAL

4.

RATHNA FAN HOUSE IS A ___________

a)

HOUSE PROPERTY

b)

FIRM

c)

COMPANY

d)

SHOP

5.

ATHER ENERGY IS A ___________

a)

COMPANY

b)

BIKE MANUFACTURER

c)

HUF BUSINESS

d)

FIRM

6.

HOUSE OWNERS ASSOCIATION IS A ___________

a)

REAL ESTATE DEALERS

b)

FIRM

c)

TRUST

d)

BODY OF INDIVIDUALS

7.

CMDA CAN BE CONSIDERED AS ___________

a)

LOCAL AUTHORITY

b)

ASSOCIATION OF PERSONS

c)

COMPANY

d)

GOVERNMENT COMPANY

8.

SRM INSTITUTE OF SCIENCE & TECHNOLOGY IS CONSIDERED AS ___________

a)

LOCAL AUTHORITY

b)

ARTIFICIAL JURIDICAL PERSON

c)

COLLEGE

d)

HINDU UNDIVIDED FAMILY BUSINESS

9.

WHAT IS THE CURRENT PREVIOUS YEAR

a)

2023 - 2024

b)

2025 - 2026

c)

2024 - 2025

d)

2023 - 2025

10.

FINANCE BILL IS PASSED IN

a)

LOK SABHA

b)

RAJYA SABHA

c)

TN ASSEMBLY

d)

PARLIAMENT (BOTH LOK & RAJYA SABHA)

11.

TAX ON TAX IS CALLED

a)

SUPER TAX

b)

SURCHARGE

c)

AMAZING TAX

d)

DOUBLE TAX

12.

Agricultural Income in India

a)

Fully Taxable

b)

Partially Taxable

c)

Partially Exempted

d)

Fully Exempted

13.
Gift from Friend of ₹ 5,000/-
a)

Fully Exempted

b)

Fully Taxable

c)

Partially Exempted

d)

My Friend will not gift me

14.

As Per OLD REGIME, Rebate is applicable for Taxable Income of ______

a)

= ₹ 5,00,000/-

b)

Less than or equal to ₹5,00,000

c)

Upto ₹ 2,50,000

d)

₹ 12,00,000

15.

Health & Education Cess is levied at

a)

4%

b)

5%

c)

20%

d)

30%