Income from Salary

State which of the following income are exempted?

• Dearness allowance

• Education allowance

• Foreign allowance

• City compensatory allowance

Reimbursement of medical bills of a private hospital is exempt upto.......

• 15000

• Nil

• 1,00,000

• 30,000

Interest credited to RPF account is exempted upto

• 9%

• 9.5%

• 12%

• Above 9.5%

Education allowance is exempt for........... children

• Maximum 1

• Maximum 2

• Maximum 3

• Maximum

Standard deduction from salary is Rs.

(a)  

Value of facility of gardener is taxable for

• All employees

• specified employee only

• Not taxable for all

• None

Employer's contribution to URPF is

• taxable in excess of 12%

• Not taxable

• Not taxable from year to year

• Taxable in excess of 9.%

Employer's contribution to SPF is...

• Fully taxable

• Exempt up to 12%

• Fully exempt

• Exempt upto 9%

Income tax is collected on all types of income except _______________.

• Agricultural Income

• Industrial Income

• Capital Gain

• Household property

. Bonus paid by the employer to the employee is …………

• Fully Taxable

• Partly Taxable

• Fully Exempted

• None of these