General Knowledge Quiz (MCQ) : Income tax Test | सामान्य ज्ञान प्रश्नोत्तरी

General Knowledge Quiz (MCQ), income tax practice problems, income tax exam, mcq on income tax, tax exams, income tax exams, Income tax Test, income tax test questions, tax test questions and answers, income tax mcq with answers pdf, tax related questions and answers, General Knowledge Quiz.

General Knowledge Quiz (MCQ) : Income tax Test | सामान्य ज्ञान प्रश्नोत्तरी

सामान्य ज्ञान प्रश्नोत्तरी Barvetips.com पर हमारे द्वारा दिए गए प्रश्नों और उत्तरों के साथ अपने सामान्य ज्ञान और सामान्य जागरूकता का परीक्षण करें. हमारे द्वारा दिए गए प्रश्नो में मध्यम और कठिनाई स्तर वाला बहु विकल्पी प्रारूप शामिल है.

MCQ Income tax Test :

इस ब्लॉग में मैं Income Tax Department परीक्षाओं की तैयारी कर रहे शिक्षार्थियों के लिए बीकॉम से संबंधित उत्तरों के साथ महत्वपूर्ण और नवीनतम प्रश्न शेयर कर रहे है. उत्तर के साथ आयकर प्रश्नों का अभ्यास करने और Income Tax Department परीक्षाओं में आसानी से अंक प्राप्त करने के लिए आप इस ब्लॉग को पढ़ सकते हैं. यह प्रश्न Income Tax Department की परीक्षाओं में पूछे जा सकते हैं.

इन 25 बहुविकल्पीय प्रश्नों के साथ अपनी आर्थिक साक्षरता का परीक्षण करें. प्रत्येक प्रश्न को ध्यानपूर्वक पढ़ें और उसके नीचे एक सही उत्तर का चयन करें.

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General Knowledge Quiz (MCQ)

General Knowledge Quiz (MCQ), Income tax Test, ssc income tax quiz, One of the primary job positions offered for SSC is of a CGL Income Tax Inspector. In the Central Board of Direct Taxes (CBDT)

1 / 25

The assesses can claim relief under ………………………… for arrears or advance salary.

2 / 25

The Payment of Gratuity Act came into force in ……………………..

3 / 25

Deduction from gross Total income is allowed under Sec. 80C up to lower of the Qualifying amount or a maximum of.

4 / 25

Profits earned from an illegal business are ..........................

5 / 25

Medical reimbursement is exempt upto .................. if treatment is done in a private hospital.

6 / 25

Which of the following is exempted.

7 / 25

Free food provided to employees is exempted upto ...................... per meal.

8 / 25

Which of the following is not taxable under the head Salary?

9 / 25

In accordance with the provisions of Section 17(1) of Income Tax Act, 1961, the term salary includes ……………………..

10 / 25

If the employee receives retirement gratuity from more than one employer, he can claim exemption in respect of ………………………...

11 / 25

The family pension received by the family members of armed forces after death of employee is ……………………………….

12 / 25

The entertainment allowance is applicable to ……………………..

13 / 25

The entertainment tax allowed as a deduction under Section 16 of Income Tax Act is the least of ………………………….

14 / 25

Income accrued outside India and received outside India is taxable in case of ………………………….

15 / 25

Gross Total Income is arrived after ………………………..

16 / 25

Employer provides a car (below 1.6 ltr capacity) along with a driver to X partly for official and partly for personal purpose. The expenses incurred by the company are: running and maintenance expenses – ` 32,000 and driver’s salary – ` 36,000 . Taxable value of perquisite is ……………………….

17 / 25

Encashment of earned leave is given by ……………………… of Income TaxAct, 1961.

18 / 25

Compensation received on voluntary retirement is given by ……………………. of Income Tax Act,1961.

19 / 25

If an employer transfers second hand motor car to the employee, the perquisite is valued at …………………………………….

20 / 25

The following is not taxable as income under the head “Salaries”:

21 / 25

The following is exempt income from Income Tax:.

22 / 25

Gift to employee up to ……………………… p.a. will not be treated as perquisite taxable in the hands of employee.

23 / 25

Salary received by the manager of an agricultural farm is .................................

24 / 25

Any benefits attached to an office or position in addition to salary or wages is called ……………..

25 / 25

Leave travel concession is explained as per section ……………

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Income tax Test सामान्य ज्ञान प्रश्नोत्तरी :

1. The assesses can claim relief under ………………… for arrears or advance salary.

  • A) Section 89(1)
  • B) Section 89(2)
  • C) Section 89(3)
  • D) Section 89(4)

2. The Payment of Gratuity Act came into force in ……………………

  • A) 1973
  • B) 1980
  • C) 1991
  • D) 1972

3. Deduction from gross Total income is allowed under Sec. 80C up to lower of the Qualifying amount or a maximum of.

  • A) Rs. 50,000.
  • B) Rs. 80,000.
  • C) Rs. 1,00,000.
  • D) Rs. 2,00,000.

4. Profits earned from an illegal business are ……………………..

  • A) Taxable.
  • B) Tax free.
  • C) Ignored by Tax Authorities.
  • D) treated as other income.

5. Medical reimbursement is exempt upto ……………… if treatment is done in a private hospital.

  • A) Rs: 5,000
  • B) Rs: 10,000
  • C) Rs: 15,000
  • D) Rs: 50,000

6. Which of the following is exempted.

  • A) C.C.A
  • B) D.A
  • C) Foreign Allowance
  • D) Medical Allowance

7. Free food provided to employees is exempted upto ………………… per meal.

  • A) Rs: 40
  • B) Rs: 50
  • C) Rs: 60
  • D) Rs: 15

8. Which of the following is not taxable under the head Salary?

  • A) Remuneration paid to the lecturer of a college for setting a question paper
  • B) Salary received by a member of parliament
  • C) Commission received by an employee director of a company
  • D) Both (a) and (b)

General Knowledge Quiz :

9. In accordance with the provisions of Section 17(1) of Income Tax Act, 1961, the term salary includes …………………….

  • A) Any annuity or pension
  • B) Any gratuity
  • C) Any fees, commission, perquisite or profits in lieu of or in addition to any salary or wages
  • D) All of the above

10. If the employee receives retirement gratuity from more than one employer, he can claim exemption in respect of …………………………

  • A) Current employer
  • B) Previous employer
  • C) Both employer
  • D) Not from single employer

11. The family pension received by the family members of armed forces after death of employee is …………………

  • A) Exempt fully
  • B) Exempted after fulfilling of certain conditions
  • C) Not exempted
  • D) None of the above

12. The entertainment allowance is applicable to ……………………

  • A) Private sector employees
  • B) Public sector employees
  • C) Government employees
  • D) All of the above

13. The entertainment tax allowed as a deduction under Section 16 of Income Tax Act is the least of ……………………

  • A) Actual amount of entertainment allowance received
  • B) 20% of basic salary of the individual
  • C) 50,00
  • D) All of the above

14. Income accrued outside India and received outside India is taxable in case of …………………….

  • A) Resident and ordinary resident (ROR)only
  • B) Resident but not ordinary resident (RNOR)only
  • C) Non-resident only
  • D) ROR, RNOR and Non-resident

15. Gross Total Income is arrived after ………………………

  • A) only adding Income under five heads of Income
  • B) adding Income under five heads of Income excluding losses
  • C) adding Income under five heads of Income, after applying clubbing provisions and making adjustment of set off and carry forward of losses
  • D) adding Income under five heads of Income, after applying clubbing provisions and making adjustment of set off and carry forward of losses and after allowing deduction under section 80Cto80U
Tax related questions and answers :

16. Employer provides a car (below 1.6 ltr capacity) along with a driver to X partly for official and partly for personal purpose. The expenses incurred by the company are: running and maintenance expenses – 32,000 and driver’s salary – 36,000 . Taxable value of perquisite is ……………………

  • A) 21,600
  • B)10,800
  • C)32,400
  • D)39,600

17. Encashment of earned leave is given by ……………………… of Income TaxAct, 1961.

  • A) Section 10(10AA)
  • B) Section 12(10A)
  • C) Section 15(10B)
  • D) None of the above

18. Compensation received on voluntary retirement is given by ……………………. of Income Tax Act,1961.

  • A) Section 10(10D)
  • B) Section 10(10C)
  • C) Section 10(10E)
  • D) Section 11(10D)

19. If an employer transfers second hand motor car to the employee, the perquisite is valued at …………………………………….

  • A) Actual cost less depreciation @30% for every completed year under straight line method B) Actual cost less depreciation @20% for every completed year under WDV method
  • C) Actual cost less depreciation @30% for every completed year under WDV method
  • D) Actual cost less depreciation @20% for every completed year under SLM method

20. The following is not taxable as income under the head “Salaries”:

  • A) Commission received by a full-time director
  • B) Remuneration received by a partner
  • C) Allowances received by an employee
  • D) Free accommodation given to an employee

21. The following is exempt income from Income Tax:

  • A) Travel concession to employee
  • B) Remuneration received for valuation of answer scripts
  • C) Encashment of leave salary whilst in service
  • D) Perquisites in India

22. Gift to employee up to ……………………… p.a. will not be treated as perquisite taxable in the hands of employee.

  • A) 4,000
  • B) 5,000
  • C) 10,000
  • D) 2,500

23. Salary received by the manager of an agricultural farm is …………………………

  • A) An agricultural income.
  • B) A salary income.
  • C) A business income.
  • D) A capital income.
Income tax mcq with answers pdf : General Knowledge Quiz

24. Any benefits attached to an office or position in addition to salary or wages is called ……………..

  • A) Allowances
  • B) Perquisites
  • C) Benefits
  • D) None of these

25. Leave travel concession is explained as per section ……………

  • A) 10(1)
  • B) 10(5)
  • C) 10(10)
  • D) 10(5A)

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