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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

2. Deduction allowed against gross salary

A) Income tax

B) Entertainment tax

C) Professional tax

D) education tax

… Answer is C)
Professional tax

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

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%
5. Employer contribution to RPF is Exempted up

A) 12%

B) 9.5%

C) 19%

D) 10%

… Answer is A)
12%

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.

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.

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

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

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

11. HRA exempted u/s

A) 15(13B)

B) 12(13C)

C) 10(13A)

D) None of the above

… Answer is C)
10(13A)

12. Perquisite Comes U/S

A) 19(3)

B) 17(2)

C) 2(17)

D) None of the above

… Answer is B)
17(2)

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

14. Entertainment allowance is

A) Partly exempted

B) Exempted

C) fully taxable

D) None of the Above

… Answer is A)
Partly exempted

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

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

17. Agricultural income is

A) Taxable

B) Fully taxable

C) Exempted

D) Partly taxable

… Answer is c)
Exempted

18. Exempted Income comes under section

A) Sec 12

B) Sec 10

C) Sec 24

D) Sec 13

… Answer is B)
Sec 10

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

20. Allowance of MP/MLA is

A) Exempted

B) Free

C) Taxable

D) illegal

… Answer is A)
Exempted

Also Read Income Tax MCQ / Multiple Choice Questions on Taxation with Answers :

Author

Manturanjan Sa

Founder of Income TaxPe . Professionally a Lecturer, by passion a Writer, Dancer, lyricist. fitness lover. Also a social worker co-founder of Kartabya Foundation & Digital Entrepreneur.

Manturanjan Sa

Jai Hind… Namaskar

Lecturer / Writer/ Blogger / Dancer.
Rapper / Fitness Lover / Actor.
Founder of Income TaxPe, No Bekari, Shayari me Kahani and MCQ Questions.
Social Worker Co-founder of Kartabya Foundation(An animal, Social and Natural Welfare Organization.) and Founder of Mission Green Balangir (Natural Welfare Organization).

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Income Tax MCQ QUIZ Set-2 (Income from Salary)

MCQ on Income from Salary

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