Income tax Questions and Answers | Income tax Test Questions

Income tax Questions and Answers, Multiple Choice Questions for Income Tax Department, tax questions and answers, tax related questions and answers, basic taxation interview questions, basic tax questions, Income tax Questions and Answers, Income tax Questions.

Income tax Questions and Answers | Income tax Test Questions

What is income tax used for? :

अनुमानों के अनुसार, सरकार के कुल राजस्व का लगभग 71 प्रतिशत करों और शुल्कों के माध्यम से एकत्र किया जाता है, जबकि नौ प्रतिशत गैर-कर राजस्व से आता है, और शेष लगभग 20 प्रतिशत उधार और अन्य देनदारियों के माध्यम से कवर किया जाता है.

सरकार द्वारा एकत्र किए गए राजस्व का उपयोग विभिन्न तरीकों से किया जाता है, जैसे राज्यों के करों का भुगतान और ब्याज भुगतान, केंद्रीय क्षेत्र की योजनाओं और केंद्र प्रायोजित योजनाओं पर व्यय, सेवानिवृत्त सरकारी कर्मचारियों को पेंशन, रक्षा व्यय, सब्सिडी, शुल्क व्यय वित्त आयोग के माध्यम से , स्थानान्तरण, आदि…….

Income tax Test Questions :

Multiple Choice Questions for Income Tax Department, tax questions and answers, tax related questions and answers, basic taxation interview questions, basic tax questions, tax interview questions and answers pdf, income tax objective questions and answers pdf, taxation interview questions and answers, income tax interview questions, tax interview questions and answers, mcq on income tax, tax test questions and answers, income tax test questions, tax quiz questions.

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Income tax Questions and Answers

Income tax Questions and Answers, Income tax Test Questions, 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 income received and accrued outside India from a business controlled or profession set up in India, the tax incidence in case of resident is ………………..

2 / 25

Pension is taxable under ..........................head.

3 / 25

Salary received by a Member of Parliament is taxable under the head.........................

4 / 25

A person is Non-resident if he fails to fulfil .....................

5 / 25

Income received in India is taxable in the hands of ...........................

6 / 25

……………………………… is exempted from income tax.

7 / 25

The Income TaxAct,1961 broadly covers ………………………...

8 / 25

Any rent or revenue derived from land which is situated in India and is used for agricultural purpose is ……………………...

9 / 25

Residential Status of an assesses can be …………………………..

10 / 25

Which of the following is not included in salary income.

11 / 25

In case of Tax free salary, .......................................

12 / 25

Dearness allowance is taxable in the hands of .................

13 / 25

A Perk is.........................

14 / 25

Perquisites to employees are covered in the I.T. Act 1961 under ...................

15 / 25

The value of Interest free concessional loans to employees is determined on the basis of lending rates of ..................... for the same purpose.

16 / 25

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.

17 / 25

Value of rent free accommodation in case of Govt. employee shall be taxable up to.......................

18 / 25

Value of rent free accommodation a house owned by employer in case of non- Govt. employees with above 25 lakhs population is ...........................

19 / 25

Interest on RPF balance is exempted up to ......................

20 / 25

Employers contribution to RPF is exempted up to ...................

21 / 25

The income of previous year is chargeable to tax in the ……………………...

22 / 25

The interest on loan paid by the Government of India to a non-resident outside India is ……………….. in India.

23 / 25

The salary, remuneration or compensation received by the partners is taxable under the head ………………………….

24 / 25

The death-cum-retirement gratuity received by the Government Employee or employee of local authority is ………………………….

25 / 25

Under Section 15 of Income Tax Act, the salary due in previous years and even if it is not received is ………………………...

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आयकर क्या है और यह कैसे काम करता है?

भारत में आयकर एक वित्तीय वर्ष के दौरान व्यक्तियों या संस्थाओं द्वारा उनकी आय या लाभ के स्तर के आधार पर भुगतान किया जाने वाला कर है. कमाई वास्तविक और काल्पनिक दोनों हो सकती है. भारत सरकार आयकर की दर के साथ-साथ आयकर स्लैब भी तय करती है जिस पर व्यक्तियों पर कर लगाया जाता है. उच्च आय स्लैब के तहत उच्च दरों पर कर लगाया जाता है.

मूल्य स्तर को ध्यान में रखते हुए कर योग्य आय स्लैब को समय-समय पर संशोधित किया जाता है. कभी-कभी, सरकार आयकर छूट भी प्रदान करती है, जिससे निम्न-आय वर्ग को लाभ होता है. सरकार लंबी अवधि के फंड जमा करने के लिए आयकर प्रोत्साहन भी देती है. कर-बचत योजनाओं में निवेश की गई राशि को सकल आय से काट लिया जाता है, जिससे कर योग्य आय की मात्रा कम हो जाती है और करदाता को लाभ होता है.

यदि देय वास्तविक कर या तो भुगतान किए गए अग्रिम कर की राशि या संबंधित वर्ष के लिए टीडीएस की राशि से कम है, तो निर्धारिती उपयुक्त आईटीआर फॉर्म भरकर अतिरिक्त कर का दावा कर सकता है. एक बार आईटीआर सत्यापित हो जाने के बाद, आयकर रिफंड की प्रक्रिया की जाती है यदि आयकर विभाग को पता चलता है कि दावा वास्तविक है.

Tax test Questions and Answers :

1. The income received and accrued outside India from a business controlled or profession set up in India, the tax incidence in case of resident is ………………..

  • A) Taxable
  • B) Non-taxable
  • C) Partly taxable
  • D) None of the above

2. Pension is taxable under …………………….. head.

  • A) Salary
  • B) House property
  • C) Capital gains
  • D) other sources

3. Salary received by a Member of Parliament is taxable under the head …………………….

  • A) Income from salary
  • B) Capital gains
  • C) Profits and gains of business or profession
  • D) Income from other sources

4. A person is Non-resident if he fails to fulfil …………………

  • A) The additional conditions.
  • B) At least one of the basic conditions.
  • C) Both basic conditions.
  • D) None of these

5. Income received in India is taxable in the hands of ………………………

  • A) Resident only
  • B) Resident and ordinarily resident only
  • C) Non-resident only
  • D) All assessees

6. …………………… is exempted from income tax.

  • A) Interest from Indian company
  • B) Dividend from foreign company
  • C) Cooperative dividend
  • D) Dividend from Indian company

7. The Income TaxAct,1961 broadly covers …………………

  • A) Basic charging income
  • B) Rebates and reliefs
  • C) Incomes exempted from income tax
  • D) All of the above

8. Any rent or revenue derived from land which is situated in India and is used for agricultural purpose is ………………………

  • A) Partially taxable
  • B) Fully taxable
  • C) Exempted from tax
  • D) None of the above

9. Residential Status of an assesses can be ……………………

  • A) Different for different previous year in the same assessment year
  • B) Different for different assessment year
  • C) None of the above
  • D) All of the above

10. Which of the following is not included in salary income.

  • A) Commuted pension
  • B) Uncommuted pension
  • C) Family pension
  • D) Leave salary
Mcq on income tax : Income tax Questions

11. 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

12. Dearness allowance is taxable in the hands of ……………..

  • A) Govt employees
  • B) Non Govt employees
  • C) All employees
  • D) None of these

13. A Perk is …………………….

  • A) Cash paid by employer to employee
  • B) Facility provided by employer to employee
  • C) Amount credited to employees
  • D) None of these accounts

14. Perquisites to employees are covered in the I.T. Act 1961 under ……………….

  • A) Sec 2a.
  • B) Sec. 17b.
  • C) Sec 28a.
  • D) Sec. 36 c.

15. The value of Interest free concessional loans to employees is determined on the basis of lending rates of ………………… for the same purpose.

  • A) S.B.I.
  • B) R.B.I.
  • C) Central govt.
  • D) State govt.

16. 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.

17. 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.

18. 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

19. Interest on RPF balance is exempted up to …………………..

  • A) 9.75%.
  • B) 9.5%.
  • C) 10%.
  • D) 12%.

20. Employers contribution to RPF is exempted up to ……………….

  • A) 10% of salary.
  • B) 13% of salary.
  • C) 12% of salary.
  • D) 11% of salary.
Tax quiz questions : Income tax Questions

21. The income of previous year is chargeable to tax in the …………………

  • A) Immediately succeeding assessment year
  • B) Same previous year
  • C) Immediately preceding academic year
  • D) None of the above

22. The interest on loan paid by the Government of India to a non-resident outside India is ……………….. in India.

  • A) Not taxable
  • B) Partially taxable
  • C) Taxable
  • D) Can’t say

23. The salary, remuneration or compensation received by the partners is taxable under the head …………………

  • A) Income from Other Sources
  • B) Income from Business
  • C) Salary
  • D) None of the above

24. The death-cum-retirement gratuity received by the Government Employee or employee of local authority is …………………

  • A) Partially exempted
  • B) Fully exempted
  • C) Half taxable
  • D) None of the above

25. Under Section 15 of Income Tax Act, the salary due in previous years and even if it is not received is ………………

  • A) Taxable
  • B) Not taxable
  • C) Partially taxable
  • D) None of the above

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