1. Mr. Arjun employed in KL (P) Ltd. at Mumbai was provided rent-free accommodation by the employer who owned such accommodation. The salary income of Mr. Arjun for the purpose of computing the perquisite value is ₹ 8 lakhs.
The perquisite value of rent-free accommodation in the hands of Mr. Arjun is:

2. Ravi employed in Cotton India Ltd. as an accounts manager. The employer paid ₹ 1,60,000 as a contribution to the approved superannuation fund to benefit the employee, Ravi. The amount of such contribution liable to tax as perquisite in the hands of Mr. Ravi is:

3. Mr. Vijay employed in ABC Ltd opted for voluntary retirement and received ₹ 22 lakh by way of gratuity.
The Payment of Gratuity Act, 1972 is applicable in his case. The monetary limit for exemption under Section 10(10) is:

4. Ms. Janhvi is provided with an interest loan by her employer for the purchase of a house. The value of the perquisite shall be:

5. An assessee is not eligible to claim any relief under section 89 of Income-tax Act, 1961, when he is in receipt of income as arrears or in advance during the previous year from his employer:

6. During the previous year, the employee was reimbursed ₹ 24,000 as medical expenses incurred by him which includes ₹ 7,000 spent in a Government hospital. The taxable prerequisite, in this case, shall be:

7. When interest on employee’s own contribution from the unrecognized provident fund is received, it is:

8. The maximum amount of gratuity exempt and the maximum amount of leave encashment exempt under the Act respectively are:

9. Mrs. Meena retired from service with Sky Ltd. on 31st January 2021. She received the following amounts from the unrecognized provident fund:
(i) Own contribution ₹ 1,50,000
(ii) Interest on own contri- ₹ 21,000 bution
(iii) Employer’s contribu- ₹ 1,10,000 tion
(iv) Interest on employer’s ₹ 15,000 contribution
How much of the receipt is chargeable to tax as income from salary,₹ 21

10. Employer’s contribution to Recognized Provident Fund (RPF) in excess of 12% of salary income of an employee shall be treated as:

11. The company has provided a laptop worth ₹ 50,000 to his employee for official as well as personal purposes. The taxable amount of perquisites will be:

12. Rohan, an employee of the State Government received ₹ 1,000 per month as an entertainment allowance during the financial year 2020-21. His salary excluding any allowance, benefit, or other perquisites for the year is ₹ 8,40,000. The amount of entertainment allowance eligible for deduction is:

13. The maximum amount eligible for exemption in respect of encashment of earned leave on retirement is:

14. Mr. Murthy is employed in, ABC Management Institute, Pune. He is eligible for ₹ 24,000 as an allowance for the year towards academic and research work. The amount of academic and research allowance chargeable to tax is:

15. Allowances and perquisites allowed to an employee for services rendered outside India are tax-free in case of –

16. Mr. Ashwin retired on 31.10.2020 after rendering 35 years of service in PLN & Co. Ltd. He received a gratuity of ₹ 18 lakhs. He is governed by the Payment of Gratuity Act, 1972. The monetary limit eligible for the exemption is: