Income Tax MCQ QUIZ Set – 4 (Income from salary)

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Income Tax Multiple Choice Questions

MCQ of Income from salary- Income Tax

MCQ on Income from salary

1. Foreign allowance is




Answer is A)
Fully Exempted Allowance

 

 

2. which income is exempted



Answer is c)
Foreign Allowance 

 

 

3. An individual must stay in India at least for howmany days to become a resident ?



Answer is B)
182 days

 

 

4. Previous year is the financial year immediately preceding the




Answer is A)
Assessment Year 

 

  5. The periodic payment of money for the past service, after the retairment of services is known as




Answer is A)
Pension

 

 

6. Pension is taxable under which head ?



Answer is c)
Salary

 

 

7. Salary received by a Member of Parliament is taxable under the which head ?



Answer is c)
Income from other sources

 

 

8. which is exempted from income tax?



Answer is A)
Dividend from Indian company

 

 

9. Which is not included in salary income ?



Answer is C)
Family pension

 

 

10. In case of Tax free salary which following is taken in to acccount



Answer is A)
Tax is to be paid by employer

 

 

11. Dearness allowance is taxable in case of



Answer is C)
All employees

 

 

12. A Perk is ?



Answer is A)
Facility provided by employer to employee

 

 

13. Perquisites to employees are comes income tax Act 1961 u/s ?



Answer is A)
Sec. 17b.

 

 

14. in case of Govt. employee Value of rent free accommodation shall be taxable up to



Answer is A)
License fee fixed by Govt.

 

 

15. Interest on RPF is exempted up to



Answer is B)
9.5%.

 

 

16. Employers contribution to RPF is exempted up to……?



Answer is c)
12% of salary.

 

 

17. The income of previous year is chargeable to tax in which year ?



Answer is B)
Immediately succeeding assessment year

 

 

18. The interest on loan paid by the Government of India to a non-resident outside of India is ?



Answer is A)
Not taxable

 

 

19. The salary, remuneration or compensation received by the partners is taxable under which head ?



Answer is A)
Income from Business

 

 

20. Under Section 15 of Income Tax Act, the salary due in previous years and even if it is not received is taxable ?



Answer is C)
yes, Taxable

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

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