A. fully exempted.
B. partly exempted.
C. fully taxable.
D. taxable by the country where posted.
✅ The correct answer is option A.
Dearness allowance is taxable in the hands of……………..
A. govt employees
B. non govt employees
C. all employees.
D. none of these.
✅ The correct answer is option C.
House rent allowance is………………..
A. fully exempted.
B. partly taxable.
C. fully taxable.
D. actual rent paid alone is taxable.
✅ The correct answer is option B.
Exempted limit of HRA in metropolitan cities is.
A. 50% of salary.
B. 40% of salary.
C. 15% of salary.
D. none of these.
✅ The correct answer is option A.
Education allowance is exempted for a maximum of……………….
A. one child.
B. two children.
C. three children.
D. four children.
✅ The correct answer is option B.
Children education allowance is exempted up to………………
A. rs. 200 p.m. per child.
B. rs. 300 p.m. per child.
C. rs. 100 p.m. per chi
D.
✅ The correct answer is option C.
Hostel expenditure allowance is exempted up to………………
A. rs. 300 per month per child.
B. rs. 200 per month per child.
C. rs. 150 per month per chi
D.
✅ The correct answer is option A.
Entertainment allowance to govt. employees is exempted, which is least of 20% of basic salary or actual allowance or……………..
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.