A. rs. 1,000.
B. rs. 2,000.
C. rs. 20,000.
D. rs. 5,000.
✅ The correct answer is option D.
A Perk is…………………….
A. cash paid by employer to employee
B. facility provided by employer to employee
C. amount credited to employees.
D. none of these accounts.
✅ The correct answer is option B.
Perquisites to employees are covered in the I.T. Act 1961 under……………….
A. sec 2a.
B. s
C. 17b. c. sec 28a.
D. sec. 36 c.
✅ The correct answer is option B.
The value of Interest free concessional loans to employees is determined on the basis of lending rates of ………………… for the same purpose.
A. s
B. i. b. r.b.i.
C. central govt.
D. state govt.
✅ The correct answer is option A.
An employee is deemed as specified employee if he is a director in the company or has substantial in the company or his chargeable salary per annum exceeds.
A. rs. 5,00,000.
B. rs. 2,00,000.
C. rs. 1,00,000.
D. rs. 50,000.
✅ The correct answer is option D.
Value of rent free accommodation in case of Govt. employee shall be taxable up to…………………..
A. 15% of employees salary.
B. 7.5% of employees salary.
C. license fee fixed by govt.
D. 10% of employees salary.
✅ The correct answer is option C.
Value of rent free accommodation a house owned by employer in case of non- Govt. employees with above 25 lakhs population is………………………
A. 10% of employees salary
B. 15% of employees salary
C. 7.5% of employee salary
D. 20% of employees salary
✅ The correct answer is option B.
Interest on RPF balance is exempted up to…………………..
A. 9.75%.
B. 9.5%.
C. 10%.
D. 12%.
✅ The correct answer is option B.
Employers contribution to RPF is exempted up to……………….
A. 10% of salary.
B. 13% of salary.
C. 12% of salary.
D. 11% of salary.
✅ The correct answer is option C.
Commuted value of pension is fully exempted in case of………………….
A. an employee of private sector.
B. an employee of a public sector undertaking.
C. a govt. employee.
D. none of these.
✅ The correct answer is option C.