A. Dearness allowanceB. Lunch allowanceC. Medical allowanceD. All of the above Share the PostRelated Posts:Commuted value of pension is fully exempted in case…Allowances of MP/M.L.A / or M.L.C are.Allowances received by a government employee posted abroad…Allowances to Judges of High Read More …
Category: Income Tax Laws
It is an extra amount given to an employee to meet the burden of inflation or increased cost of living.
A. House Rent allowanceB. Dearness allowanceC. both a and bD. none of the above Share the PostRelated Posts:An employee is deemed as specified employee if he is a…means fixed quantum of money given regularly in addition to…The area of a Read More …
An allowance to meet the expenses in connection with the rent of the house, by whatever name called
A. House Rent allowanceB. PerquisitesC. pensionD. none of the above Share the PostRelated Posts:House rent allowance is………………..Value of rent free accommodation a house owned by employer…Entertainment allowance to govt. employees is exempted,…A agrees to sell to B a “hundred tons Read More …
means fixed quantum of money given regularly in addition to salary to meet particular
A. AllowanceB. PerquisitesC. pensionD. none of the above Share the PostRelated Posts:The average monthly salary of 20 employees in an…The average salary of all the workers in a workshop is Rs.…The average salary of a person for the months of Read More …
Arear on salary are taxable on
A. ReceiptB. dueC. Receipt or due whichever is earlierD. none of the above Share the PostRelated Posts:The average monthly salary of 20 employees in an…The average salary of all the workers in a workshop is Rs.…The average salary of a Read More …
salary is chargeable to tax on
A. ReceiptB. dueC. Receipt or due whichever is earlierD. none of the above Share the PostRelated Posts:The average monthly salary of 20 employees in an…An employee is deemed as specified employee if he is a…The average salary of all the Read More …
Salary should have relationship
A. employer employeeB. Master and serventC. both a and bD. none of the above Share the PostRelated Posts:The average monthly salary of 20 employees in an…The average salary of all the workers in a workshop is Rs.…The average salary of Read More …
.A is entitled to children education allowance @ Rs. 80 p.m. per child for 3 children amounting Rs. 240 p.m. It will be
A. 200B. 260C. 160D. 240 Share the PostRelated Posts:Free notebooks were distributed equally among children of a…A building contractor employs 20 male, 15 female and 5 child…The average age of a husband and a wife is 23 years when…Children education Read More …
which of the following are the basic condition to become resident of India
A. He must be in India for 182 days or more in releventB. He must be in India for 60 days or more inC. both a and bD. none of the above Share the PostRelated Posts:As per Second additional condition, Read More …
Capital Losse Can be carry forward up to next assessment years from the assessment year in which
A. 8B. 4C. 2D. 5 Share the PostRelated Posts:Capital expenditure on scientific research which cannot be…The average age of a husband, wife and their child 3 years…Five years ago the average of the ages of A and B was 40…Social Read More …