Podcast
Questions and Answers
What is the maximum percentage of interest credited to R.P.F?
What is the maximum percentage of interest credited to R.P.F?
- 9.5%
- 15%
- 12% (correct)
- 10%
Which of the following is classified under 'Allowances'?
Which of the following is classified under 'Allowances'?
- Professional Tax
- Transferred balance
- Motor car (correct)
- Standard deduction
What is included in 'Perquisites'?
What is included in 'Perquisites'?
- Contribution made by employer
- House Rent Allowance
- Rent free accommodation (correct)
- Children Education Allowance
Which of the following is considered as 'Income from Salary'?
Which of the following is considered as 'Income from Salary'?
What is deducted under 'Deductions u/s 16(ii)'?
What is deducted under 'Deductions u/s 16(ii)'?
Which component falls under 'Profit in lieu of salary'?
Which component falls under 'Profit in lieu of salary'?
Which of the following is NOT included in the definition of 'salaries' according to Section 17(1) of the Income Tax Act?
Which of the following is NOT included in the definition of 'salaries' according to Section 17(1) of the Income Tax Act?
What is the relationship required between the payer and payee for income to be considered as 'salary income'?
What is the relationship required between the payer and payee for income to be considered as 'salary income'?
Which of the following is a permissible deduction from Salary Income before computation?
Which of the following is a permissible deduction from Salary Income before computation?
In the computation of Income from Salary, which of the following is categorized under 'Allowances'?
In the computation of Income from Salary, which of the following is categorized under 'Allowances'?
Which of the following is NOT one of the sub-headings that Salary received by an employee may consist of?
Which of the following is NOT one of the sub-headings that Salary received by an employee may consist of?
Which one of the following does NOT fall under the definition of 'salaries' according to Section 17(1) of the Income Tax Act?
Which one of the following does NOT fall under the definition of 'salaries' according to Section 17(1) of the Income Tax Act?
