Top 50+ Solved INCOME FROM SALARY MCQ Questions Answer
Q. Advance salary is taxable and advance against salary is .
a. fully taxable
b. partially taxable
c. not taxable
d. none of the above
Q. If loan granted by employer to employee does not exceed …………., it is nottreated as perquisite to employee for purpose of income tax.
a. ` 20,000
b. 40,000
c. ` 30,000
d. ` 25,000
Q. Gift to employee up to p.a. will not be treated as perquisite taxable in thehands of employee.
a. ` 4,000
b. ` 5,000
c. ` 10,000
d. 2,500
Q. Expenditure on free meals to employee in excess of………………per meal willbe treated as perquisite of employee.
a. ` 25
b. 50
c. ` 100
d. ` 55
Q. Any commission due or received by a partner of a firm from the firm shallnot be regarded as salary income under .
a. section 15
b. section 20
c. section 17
d. section 19