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.
Rate of depreciation on non residential building is…………………..
A. 10%.
B. 15%.
C. 20%.
D. 25%
✅ The correct answer is option A.
Rate of depreciation on furniture is……………………
A. 5%
B. 15%
C. 10%
D. 20%
✅ The correct answer is option C.
Additional depreciation is allowed at half the rate, if the asset is used in the initial year for……………………………
A. 195 days.
B. 199 days.
C. 360 days.
D. less than 180 days.
✅ The correct answer is option D.