MCQ on Income from Salary
1. Income tax rates are fixed in…
… Answer is B)
Finance Act
2. A person with the age of ………… or more is considered as a super senior citizen as per Income tax Act
… Answer is A)
80
3. Rebate of Income tax is defined as per section …
… Answer is C)
87A
4. Section 2(9) of Income tax deals with
… Answer is A)
Assessment Year .
5. CBDT is control by
… Answer is B)
Central Government
6. A Company has …… types of residential status
… Answer is A)
2
7. Who is assessee in case of a HUF?
… Answer is c)
Karta
8. . Expenditure incurred on exempted income is ……… as deduction
… Answer is A)
Not Allowed
9. Dividend from an Indian Company is ……
… Answer is C)
Fully Exempted
10. Income exempted from tax are stated in the section……. Of Income Tax Act.
… Answer is B)
10
12. Gratuity is defined as per section …
… Answer is A)
10(10)
13. Bonus paid by the employer to the employee is
… Answer is A)
Fully Taxable
14. When an URPF is recognized, the balance so transferred is called
… Answer is B)
Transferred Balance
15. Salary is defied as per section
… Answer is A)
17(1)
16. Payment made by an employer to employee monthly, other than salary is called
… Answer is B)
Allowances
17. HRA is …
… Answer is c)
Partly Taxable
18. Which Rule explain the taxation of HRA
… Answer is A)
2A
19. If the assessee is living in own house HRA is
… Answer is A)
Fully Taxable
20. Entertainment allowance is allowed as a deduction as per section
… Answer is D)
16(ii)
Also Read Income Tax MCQ / Multiple Choice Questions on Taxation with Answers :
- Income Tax MCQ QUIZ Set-1 (Basic Concept)
- Income Tax MCQ QUIZ Set-2 (Income from Salary)
- Income Tax MCQ QUIZ Set – 3 (Income from Salary)
- Income Tax MCQ QUIZ Set – 4 (Income from salary)
- Income Tax MCQ QUIZ Set – 5 (Income from Salary)
- Income Tax MCQ QUIZ Set – 6 (Income from House Property)
- Income Tax MCQ QUIZ Set – 7 (Income from House Property)
- Income Tax MCQ QUIZ Set – 8 (Income from House Property)
- Income Tax MCQ QUIZ Set – 9 (Profits and Gains from Business or Profession)
- Income Tax MCQ QUIZ Set – 10 (Profits and Gains from Business or Profession)
- Income Tax MCQ QUIZ Set – 11 (Income from Capital Gains)
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