Basis of Charge or Chargeability of Salaries
Online Quiz in Basis of Charge or Chargeability of Salaries in Taxation for CA Inter
Basis of Charge or Chargeability of Salaries - Test 3
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Subject :- Taxation
Chapter :- Basis of Charge or Chargeability of Salaries – Test 3
Questions :- 30
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Question 1 of 60
1. Question
1 pointsCategory: TaxationWhich of the following allowances would be exempt from tax u/s 10 ?
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Question 2 of 60
2. Question
1 pointsCategory: TaxationWhat is the ceiling for exemption of children education allowance ?
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Question 3 of 60
3. Question
1 pointsCategory: TaxationMr.Kalpesh has three children and he has received children education allowance of Rs.500 per month. Calculate the amount of exemption u/s 10 ?
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Question 4 of 60
4. Question
1 pointsCategory: TaxationMr.Chiran has one-child and he has received children education allowance of Rs.300 per month, Calculate the amount of exemption u/s 10 ?
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Question 5 of 60
5. Question
1 pointsCategory: TaxationWhat is the ceiling for exemption of hostel expenditure allowance ?
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Question 6 of 60
6. Question
1 pointsCategory: TaxationMr.Ramesh has one child and he has received hostel expenditure allowance of Rs.400 per month. Calculate the amount of exemption u/s 10 ?
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Question 7 of 60
7. Question
1 pointsCategory: TaxationWhat is the ceiling for exemption of tribal area allowance ?
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Question 8 of 60
8. Question
1 pointsCategory: TaxationWhat is the ceiling for exemption of compensatory field are allowance ?
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Question 9 of 60
9. Question
1 pointsCategory: TaxationA 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 ?
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Question 10 of 60
10. Question
1 pointsCategory: TaxationIn which of the following cases, transport allowance is exempt up to Rs.3200 per month ?
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Question 11 of 60
11. Question
1 pointsCategory: TaxationWhat is the ceiling for exemption of underground allowance ?
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Question 12 of 60
12. Question
1 pointsCategory: TaxationWhat is the ceiling for exemption of special compensatory highly active field area allowance granted to members of armed forces ?
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Question 13 of 60
13. Question
1 pointsCategory: TaxationMajor Batra is in armed forces in Andaman & Nicobar and receives an island allowance of Rs.4,000 per month. The exempt amount would be ?
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Question 14 of 60
14. Question
1 pointsCategory: TaxationMr.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 ?
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Question 15 of 60
15. Question
1 pointsCategory: TaxationWho is eligible to claim deduction of entertainment allowance ?
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Question 16 of 60
16. Question
1 pointsCategory: TaxationMr.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 ?
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Question 17 of 60
17. Question
1 pointsCategory: TaxationWhich of the following allowances are fully taxable ?
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Question 18 of 60
18. Question
1 pointsCategory: TaxationWhich of the following allowances are exempt from tax ?
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Question 19 of 60
19. Question
1 pointsCategory: TaxationWhat is the exemption mechanism for children education allowance hostel expenditure allowance, transport allowance, etc, ?
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Question 20 of 60
20. Question
1 pointsCategory: TaxationAn employee receives children education allowance of Rs.1,000 per month per child for 3 children. Calculate the limit of exemption u/s 10 ?
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Question 21 of 60
21. Question
1 pointsCategory: TaxationSelect the correct statement from the following in case of entertainment allowance.
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Question 22 of 60
22. Question
1 pointsCategory: TaxationMr.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 ?
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Question 23 of 60
23. Question
1 pointsCategory: TaxationMr. 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.
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Question 24 of 60
24. Question
1 pointsCategory: TaxationMr.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.
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Question 25 of 60
25. Question
1 pointsCategory: TaxationPerquisites are the benefits or amenities in________ provided by employer to employee
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Question 26 of 60
26. Question
1 pointsCategory: TaxationWhich of the following shall be included in the definition of perquisite ?
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Question 27 of 60
27. Question
1 pointsCategory: TaxationWhich of the following would be deemed as perquisite for all employees ?
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Question 28 of 60
28. Question
1 pointsCategory: TaxationWhich of the following would be deemed as perquisite for specified employees ?
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Question 29 of 60
29. Question
1 pointsCategory: TaxationWhen would an employee be considered as specified employee for taxability of perquisites ?
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Question 30 of 60
30. Question
1 pointsCategory: TaxationAlena 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
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Question 31 of 60
31. Question
1 pointsCategory: TaxationGratuity received by legal heir of the deceased employee shall be taxable under the head
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Question 32 of 60
32. Question
1 pointsCategory: TaxationMs.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
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Question 33 of 60
33. Question
1 pointsCategory: TaxationSuman 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
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Question 34 of 60
34. Question
1 pointsCategory: TaxationThe 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.
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Question 35 of 60
35. Question
1 pointsCategory: TaxationThe 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
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Question 36 of 60
36. Question
1 pointsCategory: TaxationSuman, 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
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Question 37 of 60
37. Question
1 pointsCategory: TaxationIbaadat 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
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Question 38 of 60
38. Question
1 pointsCategory: TaxationAverage 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
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Question 39 of 60
39. Question
1 pointsCategory: TaxationChumbak 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
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Question 40 of 60
40. Question
1 pointsCategory: TaxationRoomba 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
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Question 41 of 60
41. Question
1 pointsCategory: TaxationPension foregone by an employee in exchange of lump sum amount is known as
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Question 42 of 60
42. Question
1 pointsCategory: Taxation_________ is fully taxable in the hands of all the employees, whether government or non-government.
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Question 43 of 60
43. Question
1 pointsCategory: TaxationCommuted pension received by government employees (including judges of Supreme Court and High Court ) is
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Question 44 of 60
44. Question
1 pointsCategory: TaxationA 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
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Question 45 of 60
45. Question
1 pointsCategory: TaxationSunil 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
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Question 46 of 60
46. Question
1 pointsCategory: TaxationCommuted pension received by a non-government employee, who doesn’t receive any gratuity, is exempt upto
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Question 47 of 60
47. Question
1 pointsCategory: TaxationSunil 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
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Question 48 of 60
48. Question
1 pointsCategory: TaxationMuneer is a Government employee and receives leave salary during the tenure of his service amounting Rs.30,000. The Leave Salary is exempt upto
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Question 49 of 60
49. Question
1 pointsCategory: TaxationThe relief for leave salary received by an employee during his tenure of service can be claimed under
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Question 50 of 60
50. Question
1 pointsCategory: TaxationLeave encashment received by a Government employee at the time of his retirement is
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Question 51 of 60
51. Question
1 pointsCategory: TaxationThe section which governs retrenchment compensation is
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Question 52 of 60
52. Question
1 pointsCategory: TaxationWhat is the maximum amount of exemption available which is specified by the Central Government in respect of retrenchment compensation ?
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Question 53 of 60
53. Question
1 pointsCategory: TaxationThe compensation received the employee on voluntary retirement is exempt under
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Question 54 of 60
54. Question
1 pointsCategory: TaxationThe interest received on PPF is
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Question 55 of 60
55. Question
1 pointsCategory: TaxationThe contribution made by employer to recognised provident fund in excess of _____ of salary is taxable in the hands of the employee
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Question 56 of 60
56. Question
1 pointsCategory: TaxationInterest credited to employees recognised provident fund in excess of _______ is taxable in the hands of the employee.
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Question 57 of 60
57. Question
1 pointsCategory: TaxationThe deductions Allowable u/s 16 are
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Question 58 of 60
58. Question
1 pointsCategory: TaxationInterest credited to the account of an employee with provident fund is
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Question 59 of 60
59. Question
1 pointsCategory: TaxationWhat is the maximum ceiling of exemption available for contribution by the employer to approved superannuation fund ?
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Question 60 of 60
60. Question
1 pointsCategory: TaxationChumbak made a contribution of Rs.1,00,000 to his Provident Fund. Such a contribution would be
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