Salaries

Question 0

Section 15

Answer 0

Basis of charge (salaries)

Question 1

Section 10(7)

Answer 1

Allowance paid by govt of India to an Indian citizen for rendering services outside India is exempt from tax

Question 2

Section 10(13A)

Answer 2

House rent Allowance

Question 3

Section 10(14)(ii)

Answer 3

Children education allowance ,transport allowance from place of residence to place of duty , Hostel expenditure of employee’s children

Question 4

Section 10(10)(i)

Answer 4

Gratuity payment received by government employee fully exempt

Question 5

Section 10(10)

Answer 5

Gratuity

Question 6

Section 10(10A)

Answer 6

Uncommuted pension fully taxable

Question 7

Section 10(10A)(i)

Answer 7

Commuted pension received by the government employee is exempt

Question 8

Section 10(10AA)

Answer 8

Leave salary

Question 9

Section 10(10B)

Answer 9

Retrenchment compensation

Question 10

Section 10(10C)

Answer 10

Voluntary retirement compensation

Question 11

Section 10(5)

Answer 11

Leave travel concession

Question 12

Section 17(2)

Answer 12

Valuation of perquisite (read with rule 3)

Question 13

Section 16

Answer 13

Deduction from gross salaries

Question 14

Section 16(ii)

Answer 14

Entertainment allowance only for government employees

Question 15

Section 16(iii)

Answer 15

Professional tax

Question 16

Section 89

Answer 16

Relief if salaries is paid in advance or arrears

Question 17

Section 10(16)

Answer 17

Scholarship given on basis of merit is fully exempt