Income from Salary MCQ | 30 Free MCQs
Income from Salary MCQ
1. Entertainment tax deduction is allowed only to ……………..
a) Government employee
b) Private Employee
c) Businessman
d) None of the above
2. Employers contribution to RPF to exempt up to …………. of salary.
a) 12%
b) 18%
c) 9.5%
d) None of the above
3. Interest credited to RPF is exempt up to ………………… p.a.
a) 12%
b) 18%
c) 9.5%
d) None of the above
4. …………… allowance deduction is allowed only to Government employees.
a) Entertainment
b) House Rent
c) Travel
d) None of these
5. Profession tax deduction is allowed on ………… basis.
a) payment
b) Receipt
c) Accrual
d) None of the above
6. Arrears of salary are taxable in the year of ……………….
a) payment
b) Receipt
c) Accrual
d) None of the above
7. Telephone provided at the residence of an employee by employer is ………….. perquisite.
a) Non-taxable
b) Taxable
c) Exempt
d) None of the above
8. Wages paid by the employer for the domestic servants employed by the employee is ………. perquisite.
a) Non-taxable
b) Taxable
c) Exempt
d) None of the above
9. Employer-employee relationship determines the …………….. of salary.
a) Scope
b) Limit
c) None of the above
10. ………… relationship is necessary for taxing the remuneration under the head income from salary.
a) employer-employee
b) employee-employee
c) None of the above
| Answers: 1)Government employee 2)12% 3)9.5% 4)entertainment 5)payment 6)receipt 7)non-taxable 8)taxable 9)scope 10)employer-employee |
