10 Questions
What is the monthly vehicle allowance received by Suresh?
Rs.60,000/-
How much is the monthly medical insurance premium?
Rs.5,000/-
What is the monthly rent paid by the employer to the landlord?
Rs.20,000/-
What is the engine capacity of the motor car provided by Zeena PLC?
1,750cc
How much was reimbursed by Zeena PLC for Suresh's hospital bill?
Rs.230,000/-
What is the amount of leave encashment paid during the year?
Rs.70,000/-
What is the percentage of EPF contribution by the employer?
12%
What is the percentage of ETF contribution by the employer?
3%
What is the gross salary received by Suresh per month?
Rs.220,000/-
What is the total amount of hospital bill for Suresh?
Rs.254,000/-
This quiz covers the calculation of non-cash benefits and their impact on PAYE employment income. It also touches on the valuation of benefits and their tax implications. Test your understanding of these key concepts in taxation.
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