income from salary
income from salary mcq’s are useful for preparation of professional exams like CA, CS and CMA exams.
Test 1 in Income from salary
computation of income under the head salary MCQ's
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Subject :- Taxation
Chapter :- Basis of Charge or Chargeability of Salaries – Test 1
Questions :- 30
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Question 1 of 63
1. Question
1 pointsAn 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 ?
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Question 2 of 63
2. Question
1 pointsIn which of the following cases, income of payee would be taxable under the head “Salaries”?
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Question 3 of 63
3. Question
1 pointsWhat would be the taxability of salary surrendered by employee to Central Government for the help of earthquake victims ?
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Question 4 of 63
4. Question
1 pointsIn which of the following cases, salary would be deemed to accrue or arise in India ?
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Question 5 of 63
5. Question
1 pointsWhen salary is received outside India by Indian Government employee, who is a ___________ then such salary shall be deemed to accrue or arise in India ?
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Question 6 of 63
6. Question
1 pointsSuman, 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
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Question 7 of 63
7. Question
1 pointsSumit 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 ?
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Question 8 of 63
8. Question
1 pointsSelect the correct statement from the following ?
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Question 9 of 63
9. Question
1 pointsMr.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
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Question 10 of 63
10. Question
1 pointsMr.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
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Question 11 of 63
11. Question
1 pointsSalary 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
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Question 12 of 63
12. Question
1 pointsSalary 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
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Question 13 of 63
13. Question
1 pointsMr.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
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Question 14 of 63
14. Question
1 pointsSelect the correct statement from the following ?
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Question 15 of 63
15. Question
1 pointsSanam. a partner in firm Chaman & Co. received salary and bonus from the partnership firm. Such income would be taxable as
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Question 16 of 63
16. Question
1 pointsMr. 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
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Question 17 of 63
17. Question
1 pointsMr.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.
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Question 18 of 63
18. Question
1 pointsWhich of the following are chargeable to tax under the head Salaries ?
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Question 19 of 63
19. Question
1 pointsSohan 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
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Question 20 of 63
20. Question
1 pointsRohan 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
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Question 21 of 63
21. Question
1 pointsMr.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 ?
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Question 22 of 63
22. Question
1 pointsWhich of the following shall be included in taxable salary ?
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Question 23 of 63
23. Question
1 pointsWhich of the following shall be included in taxable salary ?
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Question 24 of 63
24. Question
1 pointsBonus is taxable on
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Question 25 of 63
25. Question
1 pointsXY 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
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Question 26 of 63
26. Question
1 pointsWhich of the following allowances would be exempt from tax u/s 10 ?
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Question 27 of 63
27. Question
1 pointsMr. 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 ?
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Question 28 of 63
28. Question
1 pointsMr. 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) ?
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Question 29 of 63
29. Question
1 pointsMr.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) ?
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Question 30 of 63
30. Question
1 pointsMr. 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) ?
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Question 31 of 63
31. Question
1 pointsWhich of the following allowances would be exempt from tax u/s 10 ?
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Question 32 of 63
32. Question
1 pointsWhat is the ceiling for exemption of children education allowance ?
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Question 33 of 63
33. Question
1 pointsMr.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 34 of 63
34. Question
1 pointsMr.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 35 of 63
35. Question
1 pointsWhat is the ceiling for exemption of hostel expenditure allowance ?
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Question 36 of 63
36. Question
1 pointsMr.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 37 of 63
37. Question
1 pointsWhat is the ceiling for exemption of tribal area allowance ?
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Question 38 of 63
38. Question
1 pointsWhat is the ceiling for exemption of compensatory field area allowance ?
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Question 39 of 63
39. Question
1 pointsA 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 ?
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Question 40 of 63
40. Question
1 pointsIn which of the following cases, transport allowance is exempt up to Rs. 3,200 per month ?
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Question 41 of 63
41. Question
1 pointsWhat is the ceiling for exemption of underground allowance ?
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Question 42 of 63
42. Question
1 pointsWhat is the ceiling for exemption of special compensatory highly active field area allowance granted to members or armed forces ?
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Question 43 of 63
43. Question
1 pointsMajor 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 44 of 63
44. Question
1 pointsMr.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 45 of 63
45. Question
1 pointsWho is eligible to claim deduction of entertainment allowance ?
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Question 46 of 63
46. Question
1 pointsMr.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 47 of 63
47. Question
1 pointsWhich of the following allowances are fully taxable ?
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Question 48 of 63
48. Question
1 pointsWhich of the following allowances are exempt from tax ?
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Question 49 of 63
49. Question
1 pointsWhat is the exemption mechanism for children education allowance, hostel expenditure allowance, transport allowance, etc. ?
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Question 50 of 63
50. Question
1 pointsAn 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 51 of 63
51. Question
1 pointsSelect the correct statement from the following in case of entertainment allowance.
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Question 52 of 63
52. Question
1 pointsMr.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 53 of 63
53. Question
1 pointsMr.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 54 of 63
54. Question
1 pointsMr. 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 55 of 63
55. Question
1 pointsPerquisites are the benefits or amenities in ____________ provided by employer to employee.
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Question 56 of 63
56. Question
1 pointsWhich of the following shall be included in the definition of perquisite ?
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Question 57 of 63
57. Question
1 pointsWhich of the following would be deemed as perquisite for all employees ?
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Question 58 of 63
58. Question
1 pointsWhich of the following would be deemed as perquisite for specified employees ?
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Question 59 of 63
59. Question
1 pointsWhen would an employee be considered as specified employee for taxability of perquisites ?
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Question 60 of 63
60. Question
1 pointsAlena 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
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Question 61 of 63
61. Question
1 pointsWhen annuity is received from present employer, then it is
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Question 62 of 63
62. Question
1 pointsThe amount paid by employer as salary in lieu of notice period is
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Question 63 of 63
63. Question
1 pointsPayment made by employer to employee for working beyond office house is _______ “Gross Salary”
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