Entertainment allowance to govt. employees is exempted, which is least – McqOptions

MCQOPTIONS

1.	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.
Answer» E.

Discussion

No Comment Found

Related MCQs

Compensation for cancellation of a licence by the government resulting in cessation of business is...................................
Out of income from growing and manufacturing of latex ..................... , is considered as agricultural income.
A citizen of India who goes abroad for the purpose of employment, he must stay in India at least for ............................. days to become a resident
Interest on Bank Term Deposits is subject to tax deduction at source if the interest amount during the relevant previous year exceeds................
A partnership firm sold a residential house. The firm will get exemption under section .................... on capital gains.
Deduction for other expenses except interest in the computation of income from house property is allowable to the extent of .........................
If a depreciable asset is acquired and used for less than 180 days in a financial year, depreciation allowed on it is..............
A person who is of Indian origin visiting India during the previous year to be called resident must stay in India for at least.....................
According to section ........................ , TDS shall be payable during the financial year in respect of the total income of the assessee.
The income tax payable by an individual is Rs:8,562.55. The rounded off tax payable will be .........................