Mock test in computation of income under the head salary for for preparation of CA Inter, IPCC, CA Final, CS executive, CS Professional, CMA Inter and CMA final exams. income tax basic concepts are also useful for preparation CBCE commerce Students.
computation of income under the head salary MCQ's
Time limit: 0
Quiz-summary
0 of 63 questions completed
Questions:
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
Information
Subject :- Taxation
Chapter :- Basis of Charge or Chargeability of Salaries – Test 1
Questions :- 30
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading...
You must sign in or sign up to start the quiz.
You have to finish following quiz, to start this quiz:
An income can be taxed under the head salaries only if there is relationship of employer-employee between the payer and payee. In which of the following cases, such relationship would be deemed to exist ?
Correct
Incorrect
Question 2 of 63
2. Question
1 points
In which of the following cases, income of payee would be taxable under the head “Salaries”?
Correct
Incorrect
Question 3 of 63
3. Question
1 points
What would be the taxability of salary surrendered by employee to Central Government for the help of earthquake victims ?
Correct
Incorrect
Question 4 of 63
4. Question
1 points
In which of the following cases, salary would be deemed to accrue or arise in India ?
Correct
Incorrect
Question 5 of 63
5. Question
1 points
When salary is received outside India by Indian Government employee, who is a ___________ then such salary shall be deemed to accrue or arise in India ?
Correct
Incorrect
Question 6 of 63
6. Question
1 points
Suman, a Government employee has rendered services in India and retired in 2011. He then shifted and settled in Singapore. The pension received by him for such services would be
Correct
Incorrect
Question 7 of 63
7. Question
1 points
Sumit receives net salary of Rs.5,00,000 from his employer o which TDS amounting Rs.50,000 is borne by employer. In such case, income taxable under the head “Salary” would be ?
Correct
Incorrect
Question 8 of 63
8. Question
1 points
Select the correct statement from the following ?
Correct
Incorrect
Question 9 of 63
9. Question
1 points
Mr.A joins the service on 01.04.2014 in the grade of Rs.12,000-5,00-13,000-1,000-15,000. Compute his monthly basic salary for an AY 2019-20
Correct
Incorrect
Question 10 of 63
10. Question
1 points
Mr.B joins the service on 1.4.2015 in the grade of Rs.9,000-500-10,000-1,000-13,000. He has joined the service at salary of Rs.10,000. Compute his monthly basic salary for the AY 2019-20
Correct
Incorrect
Question 11 of 63
11. Question
1 points
Salary of C was due in PY 2017-18. However, it was received in PY 2018-19. Such salary shall be chargeable to tax in the PY
Correct
Incorrect
Question 12 of 63
12. Question
1 points
Salary of an employee would be due in Py 2018-19. However, it was received in advance during PY 2017-18. Such salary shall be chargeable to tax in the PY
Correct
Incorrect
Question 13 of 63
13. Question
1 points
Mr.Ram is a Government employee. He received Rs.90,000 in FY 2018-19 due to implementation of 7th pay commission. Such compensation was computed with retrospective effect from January 1, 2016. In such case the compensation would be taxable in the FY
Correct
Incorrect
Question 14 of 63
14. Question
1 points
Select the correct statement from the following ?
Correct
Incorrect
Question 15 of 63
15. Question
1 points
Sanam. a partner in firm Chaman & Co. received salary and bonus from the partnership firm. Such income would be taxable as
Correct
Incorrect
Question 16 of 63
16. Question
1 points
Mr. Aashish is getting salary of Rs.10,000 per month. His salary is due on last day of every month. Salary of March, 2019 was paid on April 7, 2019. Compute his taxable salary income for the PY 2018-19
Correct
Incorrect
Question 17 of 63
17. Question
1 points
Mr.Sahil is getting salary of Rs.20,000 per month. His salary is due on first day of next month. Salary of March, 2018 was paid on April 10, 2018. Compute his taxable salary income for the PY 2017-18.
Correct
Incorrect
Question 18 of 63
18. Question
1 points
Which of the following are chargeable to tax under the head Salaries ?
Correct
Incorrect
Question 19 of 63
19. Question
1 points
Sohan was working for an Indian company, but was posted abroad at a client place where he rendered his services for half of the year. The remaining services were rendered in India. If he draws the total remuneration of Rs.50,00,000, then “Income taxable under the head Salaries” in India would be
Correct
Incorrect
Question 20 of 63
20. Question
1 points
Rohan was working for a US company, but was posted in India at a client place where he rendered his services. If he draws the total remuneration of Rs.50,00,000 then. “Income taxable under the head Salaries” in India would be
Correct
Incorrect
Question 21 of 63
21. Question
1 points
Mr.Sahil is getting salary of Rs.20,000 per month. Apart from his normal salary which becomes due on last day of the month, he has also received advance salary of one month of Rs. 20,000 during PY 2018-19. Compute his taxable salary income for the PY 2018-19 ?
Correct
Incorrect
Question 22 of 63
22. Question
1 points
Which of the following shall be included in taxable salary ?
Correct
Incorrect
Question 23 of 63
23. Question
1 points
Which of the following shall be included in taxable salary ?
Correct
Incorrect
Question 24 of 63
24. Question
1 points
Bonus is taxable on
Correct
Incorrect
Question 25 of 63
25. Question
1 points
XY India Limited wants to terminate services of Mr.Gagan. As per the terms of employment, Mr. Gagan can be removed by giving three month’s notice. XY India removed Mr. Gagan with immediate effect from March 1, 2019 by giving him three months salary of Rs.3,00,000. Such salary would be taxable
Correct
Incorrect
Question 26 of 63
26. Question
1 points
Which of the following allowances would be exempt from tax u/s 10 ?
Correct
Incorrect
Question 27 of 63
27. Question
1 points
Mr. Rajnish is entitled to a gross salary of Rs.30,000 per month and commission of 5% of net profit of the company amounting Rs.1,00,000 during the year. Calculate income taxable in the hands of Rajnish, without any deductions ?
Correct
Incorrect
Question 28 of 63
28. Question
1 points
Mr. Manish is entitled to a basic salary of Rs.20,000 per month and dearness allowance of Rs.10,000 per month. He is getting HRA of Rs.30,000 per month. He is paying rent of Rs.23,000 per month of house in Mumbai. Calculate amount of HRA exempt u/s 10(13A) ?
Correct
Incorrect
Question 29 of 63
29. Question
1 points
Mr.Manish entitled to basic salary of Rs.20,000 per month and dearness allowance of Rs.10,000 per month. He is getting HRA of Rs.30,000 per month. He is paying rent of Rs.15,000 per month for house in Dehradun. Calculate amount of HRA exempt u/s 10(13A) ?
Correct
Incorrect
Question 30 of 63
30. Question
1 points
Mr. Aman entitled to a basic salary of Rs.20,000 per month and dearness allowance of Rs.10,000 per month. He is getting HRA of Rs.30,000 per month. He paid rent of Rs.15,000 per month for house in Dehradun upto 30.09.2018 and Rs.20,000 per month thereafter. Calculate amount of HRA exempt u/s 10(13A) ?
Correct
Incorrect
Question 31 of 63
31. Question
1 points
Which of the following allowances would be exempt from tax u/s 10 ?
Correct
Incorrect
Question 32 of 63
32. Question
1 points
What is the ceiling for exemption of children education allowance ?
Correct
Incorrect
Question 33 of 63
33. Question
1 points
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 ?
Correct
Incorrect
Question 34 of 63
34. Question
1 points
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 ?
Correct
Incorrect
Question 35 of 63
35. Question
1 points
What is the ceiling for exemption of hostel expenditure allowance ?
Correct
Incorrect
Question 36 of 63
36. Question
1 points
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 ?
Correct
Incorrect
Question 37 of 63
37. Question
1 points
What is the ceiling for exemption of tribal area allowance ?
Correct
Incorrect
Question 38 of 63
38. Question
1 points
What is the ceiling for exemption of compensatory field area allowance ?
Correct
Incorrect
Question 39 of 63
39. Question
1 points
A met with an accident and lost his eyesight. He has received a transport allowance of Rs.3,500 per month. The amount of exempt would be ?
Correct
Incorrect
Question 40 of 63
40. Question
1 points
In which of the following cases, transport allowance is exempt up to Rs. 3,200 per month ?
Correct
Incorrect
Question 41 of 63
41. Question
1 points
What is the ceiling for exemption of underground allowance ?
Correct
Incorrect
Question 42 of 63
42. Question
1 points
What is the ceiling for exemption of special compensatory highly active field area allowance granted to members or armed forces ?
Correct
Incorrect
Question 43 of 63
43. Question
1 points
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 ?
Correct
Incorrect
Question 44 of 63
44. Question
1 points
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 ?
Correct
Incorrect
Question 45 of 63
45. Question
1 points
Who is eligible to claim deduction of entertainment allowance ?
Correct
Incorrect
Question 46 of 63
46. Question
1 points
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 ?
Correct
Incorrect
Question 47 of 63
47. Question
1 points
Which of the following allowances are fully taxable ?
Correct
Incorrect
Question 48 of 63
48. Question
1 points
Which of the following allowances are exempt from tax ?
Correct
Incorrect
Question 49 of 63
49. Question
1 points
What is the exemption mechanism for children education allowance, hostel expenditure allowance, transport allowance, etc. ?
Correct
Incorrect
Question 50 of 63
50. Question
1 points
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 ?
Correct
Incorrect
Question 51 of 63
51. Question
1 points
Select the correct statement from the following in case of entertainment allowance.
Correct
Incorrect
Question 52 of 63
52. Question
1 points
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 ?
Correct
Incorrect
Question 53 of 63
53. Question
1 points
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.
Correct
Incorrect
Question 54 of 63
54. Question
1 points
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.
Correct
Incorrect
Question 55 of 63
55. Question
1 points
Perquisites are the benefits or amenities in ____________ provided by employer to employee.
Correct
Incorrect
Question 56 of 63
56. Question
1 points
Which of the following shall be included in the definition of perquisite ?
Correct
Incorrect
Question 57 of 63
57. Question
1 points
Which of the following would be deemed as perquisite for all employees ?
Correct
Incorrect
Question 58 of 63
58. Question
1 points
Which of the following would be deemed as perquisite for specified employees ?
Correct
Incorrect
Question 59 of 63
59. Question
1 points
When would an employee be considered as specified employee for taxability of perquisites ?
Correct
Incorrect
Question 60 of 63
60. Question
1 points
Alena received certain annuity amount from XYZ Limited, where she worked up to 31.3.2018 in FY 2018-19. Such annuity received from the former employer would be
Correct
Incorrect
Question 61 of 63
61. Question
1 points
When annuity is received from present employer, then it is
Correct
Incorrect
Question 62 of 63
62. Question
1 points
The amount paid by employer as salary in lieu of notice period is
Correct
Incorrect
Question 63 of 63
63. Question
1 points
Payment made by employer to employee for working beyond office house is _______ “Gross Salary”
Correct
Incorrect
Income from salary
According to Section 15, salary Income is taxable on “due” or “paid” basis whichever is earlier.
Salary would include wages, allowances, annuity, pension, gratuity, fees, commission, advance, leave encashment and also perquisites and profits in lieu of salary etc
computation of income under the head salary,income under the head salary,income under the head salary questions,income under salary head,salary head under income tax,income tax under salary head,salary head under income tax act 1961,income from salary, income from salary notes, gross salary, gross salary meaning