Taxation MCQs and Notes
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Q 1. Which of the allowances are fully taxable
V
Q 2. It is an extra amount given to an employee to meet the burden of inflation or increased cost of living.
S
Q 3. An allowance to meet the expenses in connection with the rent of the house, by whatever name called
R
Q 4. means fixed quantum of money given regularly in addition to salary to meet particular requirement
P
Q 5. Arear on salary are taxable on
V
Q 6. salary is chargeable to tax on
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Q 7. Salary should have relationship
R
Q 8. of Income Tax Act is related to residential status
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Q 9. .A is entitled to children education allowance @ Rs. 80 p.m. per child for 3 children amounting Rs. 240 p.m. It will be exempt to the extent of :
A
Q 10. which of the following are the basic condition to become resident of india
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