Interest on RPF balance is exempted up to…………………..
A. 9.75%.
B. 9.5%.
C. 10%.
D. 12%.
✅ The correct answer is option B.
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.
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.
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.
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.
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.
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.
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.
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.
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.