Top 50+ Solved Taxation MCQ Questions Answer
Q. of Income Tax Act is related to residential status
a. Section 6
b. section-5
c. section 8
d. section 9
Q. Salary should have relationship
a. employer employee
b. Master and servent
c. both a and b
d. none of the above
Q. salary is chargeable to tax on
a. Receipt
b. due
c. Receipt or due whichever is earlier
d. none of the above
Q. Arear on salary are taxable on
a. Receipt
b. due
c. Receipt or due whichever is earlier
d. none of the above
Q. means fixed quantum of money given regularly in addition to salary to meet particular requirement
a. Allowance
b. Perquisites
c. pension
d. none of the above
Q. An allowance to meet the expenses in connection with the rent of the house, by whatever name called
a. House Rent allowance
b. Perquisites
c. pension
d. none of the above
Q. It is an extra amount given to an employee to meet the burden of inflation or increased cost of living.
a. House Rent allowance
b. Dearness allowance
c. both a and b
d. none of the above
Q. Which of the allowances are fully taxable
a. Dearness allowance
b. Lunch allowance
c. Medical allowance
d. All of the above