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Taxation (India) Practice Test: Income From Salary
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Taxation (India) Practice Test: Income From Salary
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25 Questions

1. The income is chargeable under the head of salary under ……………of Income Tax Act, 1961.
2. Which of the following is not taxable under the head Salary?
3. The entertainment allowance is applicable to .
4. The house rent allowance (HRA) under the salary head of Income Tax Act is given by
5. If the employee receives retirement gratuity from more than one employer, he can claim exemption in respect of .
6. Encashment of earned leave is given by………………. of Income Tax Act, 1961.
7. Compensation received on voluntary retirement is given by of Income Tax Act, 1961.
8. The family pension received by the family members of armed forces after death of employee is .
9. The Income tax rate for the financial year 2016-17 for individual is…………..
10. Tax Liability for the individual for 2016-17 who is not the resident of the India whose income ` 2,50,000 to ` 5,00,000 is……………….
11. Advance salary is taxable and advance against salary is .
12. For computation for Income tax liability for individual, the Education Cess is
13. The salary of Member of Parliament is taxable under the head .
14. The rate of tax for the financial year 2016-17 for the foreign companies is
15. Income accrued outside India and received outside India is taxable in case of.
16. Total income is to be rounded off to nearest multiple of …………….and tax is to be rounded off to nearest multiple of .
17. Income tax rate for the senior citizens for year 2016-17 is .
18. The children education allowance, the amount exempted from taxable income is limited to
19. The assesses can claim relief under…………….for arrears or advance salary.
20. The Payment of Gratuity Act came into force in…………...
21. Any commission due or received by a partner of a firm from the firm shall not be regarded as salary income under .
22. The following is not taxable as income under the head “Salaries”:
23. ……………….of Income Tax Act defines the perquisites and their valuation.
24. The assessment period for income tax on salary is .
25. The death-cum-retirement gratuity received by the Government Employee or employee of local authority is .

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