Children education allowance is exempt up to per month per child for two children. A) Rs.100 B) Rs.150 C) Rs.200 D) Rs.250 Answer : A) Rs.100...
Transport allowance given by the employer to the employee is exempt up to ……….. A) Rs.1000p.m B) Rs.1600p.m C) Rs.1000p.a D) Rs.1600p.a Answer : B) Rs.1600p.m...
The minimum exceptional limit of income is………………. A) 250,000 B) 200,000 C) 300,000 D) 500,000 Answer : C) 300,000...
Entertainment allowance is allowed as a deduction as per section …………… A) 16 B) 16(i) C) 16(ii) D) 16(iii) Answer : C) 16(ii)...
Any allowance granted for encouraging research, academic and other professional pursuit is called ……………………… A) Research Allowance B) Academic Allowance C) Higher Educational Allowance D) Educational Allowance Answer : B) Academic Allowance...
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