Under Section 15 salary is taxable:

Income from Salary

Quiz
•
World Languages
•
Professional Development
•
Medium
MSTU VISAKHAPATNAM
Used 2+ times
FREE Resource
25 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
On receipt basis
On due basis
Receipt or due, whichever is earlier
None of the above
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Standard deduction is not allowed from
Pension
Family Pension
Arrear from Salary
Gross Salary
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Professional Tax is charged by
Central Government
State Government
Local Authority
Statuary Corporation
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Commuted pension received by employees of Central Government and State Government is:
Fully exempt from tax
Fully Chargeable from tax
50% exempt and rest taxable
80% exempt and rest taxable
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Pension received by gallantry award winner is:
Fully chargeable to tax
fully exempt from tax
50% exempt and rest taxable
80% exempt and rest taxable
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Employer's Contribution to Statuary Provident Fund shall be
Fully exempt for employee
Exempt up to 12% of salary of employee
Exempt up to 10% of salary of employee
Fully taxable for employee
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The maximum ceiling limit for exemption under section 10(10) in respect of gratuity for employees covered by the Payment of Gratuity Act, 1972 is ____________
Rs. 10,00,000
Rs. 5,00,000
Rs. 3,50,000
Rs. 20,00,000
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