The maximum amount of exemption in respect of gratuity received by an – McqOptions

MCQOPTIONS

1.	The maximum amount of exemption in respect of gratuity received by an employee covered by the Payment of Gratuity Act is:
A.	Rs: 2,50,000
B.	Rs: 5,00,000
C.	Rs: 10,00,000
D.	Rs: 20,00,000
Answer» E.

Discussion

No Comment Found

Related MCQs

For the A.Y 2019-20, an individual who is resident in India, is eligible for rebate if his total income does not exceed:
A citizen of India who goes abroad for the purpose of employment, must stay in India for a period of at least ..................... days during the P.Y. to become ordinarily resident.
The deduction allowed in respect of payment made to an approved university for social research is:
Under which section, a firm is eligible for exemption in respect of long term capital gain arising from the sale of a residential house:
Which among the following is not chargeable to tax under the head, income from other sources?
The rate of surcharge if total income of an individual assessee exceeds Rs:fifty lakh but does not exceed Rs: one crore is:
When the income of minor child is included in the income of parent, then parent is entitled to an exemption up to:
The unabsorbed loss under Income from house property shall be carried forward and set-off in subsequent assessment years up to a maximum of ............................... years against income from house property.
The losses from specified business can be carried forward and can be set-off against profits of:
The aggregate amount of deduction under section 80 C, section 80 CCC and section 80 CCD(1) shall not exceed: