Taxable Income from Salary Quiz
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Questions and Answers

Which of the following incomes is taxable under the head ‘income from salary’?

  • Interest income from a savings account
  • Rental income from a property
  • Dividend income from stocks
  • Salary received by a partner from a firm (correct)
  • Which type of income received is taxable under the head ‘income from salary’?

  • Gift received from a friend
  • Pension received after retirement
  • Salary received by a Member of Parliament (correct)
  • Income from sale of personal assets
  • Which income is NOT taxable under the head ‘income from salary’?

  • Royalty income received by an author
  • Salary of a Government Officer
  • Profits from a business (correct)
  • Consultation fees received by a doctor
  • What type of income is not included in the tax calculation under the head ‘income from salary’?

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