Basis of Charge or Chargeability of Salaries – Test 3

Which of the following allowances would be exempt from tax u/s 10 ?

What is the ceiling for exemption of children education allowance ?

Mr.Kalpesh has three children and he has received children education allowance of Rs.500 per month. Calculate the amount of exemption u/s 10 ?

Mr.Chiran has one-child and he has received children education allowance of Rs.300 per month, Calculate the amount of exemption u/s 10 ?

What is the ceiling for exemption of hostel expenditure allowance ?

Mr.Ramesh has one child and he has received hostel expenditure allowance of Rs.400 per month. Calculate the amount of exemption u/s 10 ?

What is the ceiling for exemption of tribal area allowance ?

What is the ceiling for exemption of compensatory field are allowance ?

A met with an accident and lost his eyesight. He has received a transport allowance of Rs.3,500 per month. The amount exempt would be ?

In which of the following cases, transport allowance is exempt up to Rs.3200 per month ?

What is the ceiling for exemption of underground allowance ?

What is the ceiling for exemption of special compensatory highly active field area allowance granted to members of armed forces ?

Major Batra is in armed forces in Andaman & Nicobar and receives an island allowance of Rs.4,000 per month. The exempt amount would be ?

Mr.Rajnish is working in a transportation system and in order to meet his expenditure during the course of such transport he is entitled to an allowance of Rs.15,000 per month. The amount of allowance exempt from tax would be ?

Who is eligible to claim deduction of entertainment allowance ?

Mr.Jignesh has received basic salary of Rs.30,000 per month (excluding any allowances or perquisites). He has received entertainment allowance of Rs.8,000 per month. Calculate the amount of exemption u/s 10 on entertainment allowance ?

Which of the following allowances are fully taxable ?

Which of the following allowances are exempt from tax ?

What is the exemption mechanism for children education allowance hostel expenditure allowance, transport allowance, etc, ?

An employee receives children education allowance of Rs.1,000 per month per child for 3 children. Calculate the limit of exemption u/s 10 ?

Select the correct statement from the following in case of entertainment allowance.

Mr.Lokesh is working with the Central Government and is getting basic salary of Rs.10,000 per month and an entertainment allowance of Rs.500 per month. Calculate the deduction of entertainment allowance u/s 16 ?

Mr. Jim is getting basic salary of Rs.10,000 per month and an entertainment allowance of Rs.500 per month. He has spent entertainment allowance of Rs.600 per month. Calculate the deduction of entertainment allowance u/s 16, assuming he is working with the Central Government.

Mr.Kim is getting basic salary of Rs.10,000 per month and an entertainment allowance of Rs.500 per month. He has spent entertainment allowance of Rs.400 per month. Calculate the deduction of entertainment allowance u/s 16.

Perquisites are the benefits or amenities in________ provided by employer to employee

Which of the following shall be included in the definition of perquisite ?

Which of the following would be deemed as perquisite for all employees ?

Which of the following would be deemed as perquisite for specified employees ?

When would an employee be considered as specified employee for taxability of perquisites ?

Alena received certain annuity amount from XYZ Limited, where she worked upto 31.3.2018 in FY 2018-19. Such annuity received from the former employer would be

Gratuity received by legal heir of the deceased employee shall be taxable under the head

Ms.Pooja is working as a Government employee for the last 20 years. At the time of his retirement, he received certain amount as death cum retirement gratuity. The amount received by him would be

Suman is working as a Government employee for the last 20 years. He died due to heart attack and his legal heir received certain amount as death cum retirement gratuity. The amount received by him would be

The amount of gratuity received by the employees who are covered under the Payment of Gratuity Act, 1972 is minimum of actual amount received, 15 days salary for every completed year of service or part thereof in excess of 6 month or Rs.

The amount of gratuity received by the employees covered under the Payment of Gratuity Act, 1972 is exempt to least of actual amount received, Rs.20,00,000 or

Suman, is working as an employee for the last 20 years 8 months with a private organization which is not covered under the Payment of Gratuity Act, 1972. At the time of his retirement the number of completed years of service would be

Ibaadat is working as an employee for the last 20 years 3 months with a private organization which is not covered under the Payment of Gratuity Act, 1972. At the time of his retirement the number of completed years of service would be

Average salary, for the purpose of calculating exempt gratuity, for non-government employees or employees not covered under the Payment of Gratuity Act, 1972, is calculated on the basis of average salary for

Chumbak is working as an agent of LIC of India and the time of leaving the company he received gratuity amounting Rs.1,00,000. The exemption available to him in respect of such gratuity would be

Roomba is working as an employee with his company for the last 10 years. As an appreciation for his service, he received an amount of Rs.1,00,000 as interim gratuity. The  exemption available to him in respect of such gratuity would be

Pension foregone by an employee in exchange of lump sum amount is known as

_________ is fully taxable in the hands of all the employees, whether government or non-government.

Commuted pension received by government employees (including judges of Supreme Court and High Court ) is

A is a non-government employee and receives commuted pension of Rs.3,00,000 along with gratuity of Rs.5,00,000. The commuted pension ix exempt upto

Sunil is a non-government employee and receives commuted pension of Rs.3,00,000 but no gratuity is received since he didn’t meet the minimum tenure condition. The commuted pension is exempt upto

Commuted pension received by a non-government employee, who doesn’t receive any gratuity, is exempt upto

Sunil is a private employee and receives leave salary during the tenure of his service amounting Rs.30,000. The leave salary is exempt up to

Muneer is a Government employee and receives leave salary during the tenure of his service amounting Rs.30,000. The Leave Salary is exempt upto

The relief for leave salary received by an employee during his tenure of service can be claimed under

Leave encashment received by a Government employee at the time of his retirement is

The section which governs retrenchment compensation is

What is the maximum amount of exemption available which is specified by the Central Government in respect of retrenchment compensation ?

The compensation received the employee on voluntary retirement is exempt under

The interest received on PPF is

The contribution made by employer to recognised provident fund in excess of _____ of salary is taxable in the hands of the employee

Interest credited to employees recognised provident fund in excess of _______ is taxable in the hands of the employee.

The deductions Allowable u/s 16 are

Interest credited to the account of an employee with provident fund is

What is the maximum ceiling of exemption available for contribution by the employer to approved superannuation fund ?

Chumbak made a contribution of Rs.1,00,000 to his Provident Fund. Such a contribution would be