Set 2 MCQ Questions and Answers
Home | Income Tax Act | Set 2Income Tax MCQ Questions and Answers: Here learn quiz questions on Income Tax Act and download pdf 50 questions.
1) Allowances received by a government employee posted abroad are.....
2) House rent allowance is.......
3) Exempted limit of HRA in metropolitan cities is
4) Education allowance is exempted for a maximum of.......
5) Salary on which income tax is borne by the employer is called .............
6) .......................... section deals with exempted incomes
7) Income tax is a form of .......................... tax
8) Any some received under key man insurance policy taken on the life of the employee shall be .........
Answer : A Discuss
9) The rent fixed as per municipal valuation is called .............
10) Rent free accommodation is an example for ..........