Salaries
Online MCQ Tests for CA Final in Direct Taxation
Salaries - Test 1
Quiz-summary
0 of 29 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
Information
Subject :- Direct Tax Laws and International Taxation
Chapter :- 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:
Results
0 of 29 questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 points, (0)
Average score |
|
Your score |
|
Categories
- Direct Tax Laws and International Taxation 0%
-
Thanks for participating in online mock test
Regards
Mock test Team
Give feedback for more requirement for Mock test
At
ekvijteam@gmail.com
- 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
- Answered
- Review
-
Question 1 of 29
1. Question
1 pointsCategory: Direct Tax Laws and International TaxationEncashment of leave salary at the time of retirement is not exempt in the hands of employees of ______
Correct
Incorrect
-
Question 2 of 29
2. Question
1 pointsCategory: Direct Tax Laws and International TaxationWhile computing exemtption from House Rent Allowance, the term “salary” for that purpose includes ______
Correct
Incorrect
-
Question 3 of 29
3. Question
1 pointsCategory: Direct Tax Laws and International TaxationEducation allowance is exempt upto Rs. ______ per month per child maxiumum 2 children.
Correct
Incorrect
-
Question 4 of 29
4. Question
1 pointsCategory: Direct Tax Laws and International TaxationHostel allowance is exempt upto Rs. ______ per month per child maxiumum 2 children.
Correct
Incorrect
-
Question 5 of 29
5. Question
1 pointsCategory: Direct Tax Laws and International TaxationUnderground allowance is exempt upto Rs. ______ per month
Correct
Incorrect
-
Question 6 of 29
6. Question
1 pointsCategory: Direct Tax Laws and International TaxationExeption from leave travel concession (LTC) where journey is performed by air is the economy class air fare of national carrier by ________ route or amount spent whichever is lower.
Correct
Incorrect
-
Question 7 of 29
7. Question
1 pointsCategory: Direct Tax Laws and International TaxationExeption from leave travel concession (LTC) where journey is performed by rail is the __________ rail fare by the shortest route or amount spent whichever is lower.
Correct
Incorrect
-
Question 8 of 29
8. Question
1 pointsCategory: Direct Tax Laws and International TaxationIdentify the employee who is not a specified employee?
Correct
Incorrect
-
Question 9 of 29
9. Question
1 pointsCategory: Direct Tax Laws and International TaxationValue of rent free unfurnished accommodation in the hands of Government employee is equal to the ________.
Correct
Incorrect
-
Question 10 of 29
10. Question
1 pointsCategory: Direct Tax Laws and International TaxationValue of rent free unfurnished accommodation in the hands of private sector employee (where accommodation is owned by the employer) is dependent upon the ______________of the city.
Correct
Incorrect
-
Question 11 of 29
11. Question
1 pointsCategory: Direct Tax Laws and International TaxationValue of rent free unfurnished accommodation in the hands of private sector employee (where accommodation is owned by the employer) is _______% of salary where population of city exceeds Rs. 10 lakhs but does not exceed 25 lakhs.
Correct
Incorrect
-
Question 12 of 29
12. Question
1 pointsCategory: Direct Tax Laws and International TaxationValue of rent free unfurnished accommodation in the hands of private sector employee (where
accommodation is owned by the employer) is _______% of salary where population of city is 8 lakhs.Correct
Incorrect
-
Question 13 of 29
13. Question
1 pointsCategory: Direct Tax Laws and International TaxationThe salary for the purpose of calculation of perquisite in respect of residential accommodation in the hands of private sector employee does not include:
Correct
Incorrect
-
Question 14 of 29
14. Question
1 pointsCategory: Direct Tax Laws and International TaxationThe value of perquisite where accommodation has been provided in a hotel shall be lower of ____% of salary or actual charges paid to such hotel by the employer.
Correct
Incorrect
-
Question 15 of 29
15. Question
1 pointsCategory: Direct Tax Laws and International TaxationWhile computing perquisite in respect of interest free loan, the base interest rate of ______ shall be taken into account.
Correct
Incorrect
-
Question 16 of 29
16. Question
1 pointsCategory: Direct Tax Laws and International TaxationWhile computing perquisite in respect of interest free loan, small loans upto Rs. ______/- in the aggregate shall be ignored. (i.e. exempt).
Correct
Incorrect
-
Question 17 of 29
17. Question
1 pointsCategory: Direct Tax Laws and International TaxationIdentify the loans which are exempt while computing perquisite in respect of interest free loans.
Correct
Incorrect
-
Question 18 of 29
18. Question
1 pointsCategory: Direct Tax Laws and International TaxationThe travel cost of patient and one attendant is not included in salary when medical treatment is undertaken abroad subject to the condition that Gross Total Income of employee does not exceed Rs. __________.
Correct
Incorrect
-
Question 19 of 29
19. Question
1 pointsCategory: Direct Tax Laws and International TaxationThe concession available while valuing perquisites in respect of meal provided to an employee is Rs. ________ per meal.
Correct
Incorrect
-
Question 20 of 29
20. Question
1 pointsCategory: Direct Tax Laws and International TaxationThe gift by the employer not exceeding Rs. ___________ in aggregate per annum would not be taxed in the hands of employee.
Correct
Incorrect
-
Question 21 of 29
21. Question
1 pointsCategory: Direct Tax Laws and International TaxationIdentify the item that falls under the definition of term “ Profits in lieu of salary” as defined under section 17(3) of the Act.
Correct
Incorrect
-
Question 22 of 29
22. Question
1 pointsCategory: Direct Tax Laws and International TaxationUnder which fund, employer does not contribute?
Correct
Incorrect
-
Question 23 of 29
23. Question
1 pointsCategory: Direct Tax Laws and International TaxationContribution to which fund by an employee is not eligible for deduction u/s 80 C of the Act?
Correct
Incorrect
-
Question 24 of 29
24. Question
1 pointsCategory: Direct Tax Laws and International TaxationInterest credited to which fund shall be taxable at the time of withdrawal of the amount from such fund?
Correct
Incorrect
-
Question 25 of 29
25. Question
1 pointsCategory: Direct Tax Laws and International TaxationEmployer’s contribution to which fund may be taxable in the hands of employee if it exceeds prescribed % of salary?
Correct
Incorrect
-
Question 26 of 29
26. Question
1 pointsCategory: Direct Tax Laws and International TaxationOut of the followings, which interest income is not exempt from tax?
Correct
Incorrect
-
Question 27 of 29
27. Question
1 pointsCategory: Direct Tax Laws and International TaxationWhile computing “Salary” for the purpose of valuation of rent-free accommodation in the hands of private sector employees, such salary includes:
Correct
Incorrect
-
Question 28 of 29
28. Question
1 pointsCategory: Direct Tax Laws and International TaxationThe following is not taxable as income under the head “Salaries”.
Correct
Incorrect
-
Question 29 of 29
29. Question
1 pointsCategory: Direct Tax Laws and International TaxationGratuity received by a government employee is _____________.
Correct
Incorrect
Ekvijprovides MCQ Tests For CA,CMA and CS examinations