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tax class > income from salary > Flashcards

income from salary Flashcards

1
Q

What is employee, employer and employment?

A
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2
Q

salary [3 points]?

A
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3
Q

an amount shall be treated as having recieved by employee?

A
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4
Q

tax treatment for salary is paid in arrears to employee?

A
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5
Q

taxtreatemnet for amount recieved by employee on termination of employment?

A
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6
Q

whaat deductions are allowed in earning salary?

A
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7
Q

Numerical ahar pg.90?

A
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8
Q

motor vehicle is provided to employee by employer?

A
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9
Q

question 1 pg.128?

A
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10
Q

interest free/occasional loan?/where loan is provided by employer?

A
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11
Q

benchmark rate?

A
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12
Q

loan uses for acquiisition by employee?

A
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13
Q

value of accomodation ?

A
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14
Q

utilities are provided to employee/

A
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15
Q

servies of housekeeper gardner are provided to employee what is added in salary/

A
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16
Q

obligation is waived by employer?

A
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17
Q

property is transfeerred or services are provided by employer?

A
18
Q

self hiring of property?

A
19
Q

what is employee share scheme?

A
20
Q

Exercise of right/acquisition of shares/issue of shares by company?

A
21
Q

calculation of cost of shares for computing capital gain at the time of disposal?

A
22
Q

shares issued by company with restriction on transfer?

A
23
Q

disposal of right/option?/sale of right/option?

A
24
Q

tax FREE SALARY TO EMPLOYEE?

A
25
Q

value of right chargeable to tax or not?

A
25
Q

value of right chargeable to tax or not?

A
26
Q

SOLD SHARES BEFORE RELEASE OF RESTRICTION?

A
27
Q

exemption for FOREIGN SOURCE SALARY OF RESIDENT individual/

A
28
Q

taxability of pension?

A
29
Q

commutation of pension?

A
30
Q

gratuity?

A
31
Q

rules for exemption of unapproved gratuity and unapproved commutation of pension?

A
32
Q

the following benefits recieved by employee shall be exempt?

A
33
Q

recognied provident fund?

A
34
Q

unrecognied provident fund?

A
35
Q

govt employess provident fund?

A
36
Q

leave enchanment?

A
37
Q

workers participation fund provided to emplyee?

A
38
Q

medical facilility/reimburshments of medical expenses by employer?

A
39
Q

benevolent fund?

A
40
Q

superannuation fund?

A

tax class (10 decks)

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