461. Interest on RPF balance is exempted up to…………………..
A. 9.75%.
B. 9.5%.
C. 10%.
D. 12%.
✅ The correct answer is option B.
SSC
462. In case of Tax free salary, …………………………………
A. tax is to be paid by employer
B. no tax is payable on such salary
C. tax is to be paid by the employee.
D. govt, itself pays the tax at a future date.
✅ The correct answer is option A.
463. FMV on 1.4.81 is applicable to assets…………………..
A. acquired prior to 1.4.81.
B. transferred prior to 1.4.81.
C. acquired after 1.4.81.
D. none of the above.
✅ The correct answer is option A.
464. 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.
465. Casual income is.
A. fully taxable.
B. partly taxable.
C. fully exempt
D. d. none of these.
✅ The correct answer is option A.
466. What is the date on which Fair Market Value of capital assets acquired is determined?
A. 1.4.2001.
B. 1.4.1971.
C. 1.4.1981.
D. 1.4.1971.
✅ The correct answer is option C.
467. 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.
468. A person is Non resident if he fails to fulfil…………………
A. the additional conditions.
B. at least on of the basic conditions.
C. both basic conditions.
D. none of these.
✅ The correct answer is option B.
469. . Cost of long term debentures are…………………
A. eligible for indexing.
B. not eligible for indexing.
C. none of these.
D. all the above.
✅ The correct answer is option B.
470. 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.