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 Show Answer
2. Deduction allowed against gross salary
A) Income tax B) Entertainment tax C) Professional tax D) education tax
… Answer is C) Professional tax Show Answer
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 Show Answer
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% Show Answer
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. Show Answer
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. Show Answer
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 Show Answer
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 Show Answer
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 Show Answer
11. HRA exempted u/s
A) 15(13B) B) 12(13C) C) 10(13A) D) None of the above
… Answer is C) 10(13A) Show Answer
12. Perquisite Comes U/S
A) 19(3) B) 17(2) C) 2(17) D) None of the above
… Answer is B) 17(2) Show Answer
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 Show Answer
14. Entertainment allowance is
A) Partly exempted B) Exempted C) fully taxable D) None of the Above
… Answer is A) Partly exempted Show Answer
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 Show Answer
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 Show Answer
17. Agricultural income is
A) Taxable B) Fully taxable C) Exempted D) Partly taxable
… Answer is c) Exempted Show Answer
18. Exempted Income comes under section
A) Sec 12 B) Sec 10 C) Sec 24 D) Sec 13
… Answer is B) Sec 10 Show Answer
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 Show Answer
20. Allowance of MP/MLA is
A) Exempted B) Free C) Taxable D) illegal
… Answer is A) Exempted Show Answer
Also Read Income Tax MCQ / Multiple Choice Questions on Taxation with Answers :
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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.
