MCQ on Income from Salary
Income from salary MCQ with answers
1. Computation of income from salary section is
A) Sec 11-12
B) Sec 15-17
C) Sec 6-10
D) Sec 16-20
… Answer is B)
Sec 15-17
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2. Deduction allowed against gross salary
A) Income tax
B) Entertainment tax
C) Professional tax
D) education tax
… Answer is C)
Professional tax
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3. RPF full form in income tax
A) Reserve police force
B) Railway police force
C) Recognized provident fund
D) None of the above
… Answer is C)
Recognized provident fund
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4. Exemption limit of interest credit to RPF is
A) 6.5%
B) 9.5%
C) 7.5%
D) None of this
… Answer is B)
9.5%
Show Answer 5. Employer contribution to RPF is Exempted up
A) 12%
B) 9.5%
C) 19%
D) 10%
… Answer is A)
12%
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6. Taxable amount of perquisite in respect of small car for offial and personal purpose
A) 1500 p.m.
B) 1800 p.m.
C) 2400 p.m.
D) None of the Above
… Answer is B)
1800 p.m.
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7. Taxable amount of perquisite in respect of Big car for offial and personal purpose
A) 1800 p.m.
B) 2000 p.m.
C) 1500 p.m.
D) 2400 p.m.
… Answer is D)
2400 p.m.
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8. Deduction from salary is allowed u/s
A) Sec 15
B) Sec 16
C) Sec 25
D) None of Above
… Answer is B)
Sec 16
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9. Education allowancw is exempted
A) Rs. 200 per month up to 4 child
B) Rs. 200 per month up to 3 child
C) Rs. 100per month up to 2 child
D) Rs. 100 per month up to 10 child
… Answer is C)
Rs. 100per month up to 2 child
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10. Medical bil reimbursed in respect of treatment in private hospital
A) Up to 15,000
B) Up to 12,000
C) Up to 25,000
D) None of the above
… Answer is A)
Up to 15,000
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11. HRA exempted u/s
A) 15(13B)
B) 12(13C)
C) 10(13A)
D) None of the above
… Answer is C)
10(13A)
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12. Perquisite Comes U/S
A) 19(3)
B) 17(2)
C) 2(17)
D) None of the above
… Answer is B)
17(2)
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13. Allowance from U.N.O is
A) partly taxable
B) fully taxable
C) fully exempted
D) None of the above
… Answer is C)
fully exempted
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14. Entertainment allowance is
A) Partly exempted
B) Exempted
C) fully taxable
D) None of the Above
… Answer is A)
Partly exempted
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15. HRA exempted u/s 10(13A) includes
A) 40% of salary if accommodation is situated at Delhi, Mumbai, Chennai, Kolkata
B) 60% of salary if accommodation is situated at Delhi, Mumbai, Chennai, Kolkata
C) 50% of salary if accommodation is situated at Delhi, Mumbai, Chennai, Kolkata
D) None of the Above
… Answer is C)
50% of salary if accommodation is situated at Delhi, Mumbai, Chennai, Kolkata
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16. Free food during working hours at office/ business premises exemopted up to
A) Rs. 50 per meal
B) Rs. 60 per meal
C) Rs. 90 per meal
D) None of the above
… Answer is A)
Rs. 50 per meal
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17. Agricultural income is
A) Taxable
B) Fully taxable
C) Exempted
D) Partly taxable
… Answer is c)
Exempted
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18. Exempted Income comes under section
A) Sec 12
B) Sec 10
C) Sec 24
D) Sec 13
… Answer is B)
Sec 10
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19. Sec 10AA deduction implies
A) Buffer zone
B) Special economic zone
C) POK zone
D) None of the above
… Answer is B)
Special economic zone
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20. Allowance of MP/MLA is
A) Exempted
B) Free
C) Taxable
D) illegal
… Answer is A)
Exempted
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Also Read Income Tax MCQ / Multiple Choice Questions on Taxation with Answers :
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