451. 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.
SSC
452. Rate of depreciation on furniture is……………………
A. 5%
B. 15%
C. 10%
D. 20%
✅ The correct answer is option C.
453. 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.
454. Rate of depreciation on non residential building is…………………..
A. 10%.
B. 15%.
C. 20%.
D. 25%
✅ The correct answer is option A.
455. 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.
456. 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.
457. Allowances received by a government employee posted abroad are………….
A. fully exempted.
B. partly exempted.
C. fully taxable.
D. taxable by the country where posted.
✅ The correct answer is option A.
458. 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.
459. Salary received by a member of parliament is.
A. taxable as salary income
B. exempt from tax sources.
C. taxable as income from other sources.
D. none of these.
✅ The correct answer is option C.
460. Cost of improvement incurred prior to 1.4.81 is…………….
A. indexed separately.
B. indexed along with cost of acquisition.
C. ignored fully.
D. none of these.
✅ The correct answer is option C.