Part A – Chapter 4 – Unit 1 – Salaries

what is the maximum amount of exemption available in case of children education allowance ?

what is the maximum amount of exemption available in case of children hostel allowance ?

what is the maximum amount of exemption available in case of transport allowance ?

which of the following is correct formula to calculate exemption under house rent allowance (HRA) ?

Mr A is a director of company, he receives Rs. 10000 per month from company as a commission. In which head this commission is taxable ? (assume Mr A is a employee of the company)

Mr B is a director of company, he receives Rs. 20,000 per month from company as a commission. Under which head this commission is taxable ? (assume Mr A is a not a employee of the company).

Mr X is a partner in XYZ partnership firm and receives share of profit from firm. In which head this share of profit will be taxable ?

Mr. Kamlesh is a emplyee in two companies. He receives Rs. 20000 from company A and Rs. 30000 From Company B. calculate the amount taxable under each head of income as per the provisions of Income Tax Act, 1961.

Mr Ramesh is an employee of TATA ltd. Inspired from Sir Ratan Tata he donates one month salary to charitable institution amounting to Rs. 50,000. What is the total amount of income taxable under the head salaries for the PY 2022-23?

Mr Aatma Ram Bhide is an employee and surrenders his salary to central government under section 2 of the voluntary surrender of salaries (exemption from taxation ) act 1961. Explain taxability of the same?

Mr A Draws salary for the month of April 2022 amounting Rs. 60,000 in the month of march 2022. what is the treatment of such amount?

Mr Krishnan Iyer receives salary of Rs 60,000 for the month of march 2022 in the month of april 2022. In which period such salary is taxable?

which of the following is a fully taxable allowance ?

What is the maximum amount allowed as exemption in case of Compensatory Field Area Allowance ?

What is the maximum amount allowed as exemption in case of Compensatory modified Field Area Allowance ?

which of the following allowance are fully exempt ?
(1) Allowance to Supreme Court/ High Court Judges
(2) Allowance received from United Nations Organisation (UNO)
(3) Compensatory allowance under Article 222(2) of the Constitution
(4) Sumptuary allowance
(5) Allowances payable outside India [Section 10(7)]

Which term refers to pension received periodically and is fully taxable in the hands of both government and non- government employees.

lump sum amount taken by commuting the whole or part of the pension. Many persons convert their future right to receive pension into a lumpsum amount receivable immediately. What is this lumpsum amount named as?

What is the amount of exemption available in case of commuted pension if employee is in receipt of gratuity along with pension ?

What is the amount of exemption available in case of commuted pension if the employee does not receive gratuity ?

Mr. Grover is currently working as judge of supreme court. He receives commuted pension and needs your advice as to how much amount is taxable in the hands of Mr. Grover.

What is the amount of exemption available in case of gratuity where employee is covered by the Payment of Gratuity Act, 1972

What is the amount of exemption available in case of gratuity where employee is not covered by the Payment of Gratuity Act, 1972

Mr Sukesh is employee since last 2 years and receives gratuity while he is in employment. He needs your advice as to taxability of such gratuity received.

Mr Rakesh is an government employee and receives leave salary at the time of retirement. What is the taxability of such receipt ?

Mrs. Rani Mukharjee works for an non governmental company and receives leave salary at the time of retirement. Mrs Rani comes to you for an advice regarding taxability of the same?

What is the exemption available in case of an retrenchment compensation

Mr Jignesh is a governmant employee and he needs your advice as find what is the correct way to calculate deduction of entertainment allowance?

Mr Rakesh works for an IT company which is not a government undertaking. He receives entertainment allowance. Is such entertainment allowance taxable, is yes how much?

Mr Rakesh is an employee of an private company.Company pays medical policy premium for Mr Rakesh. Discuss Tax Treatment

Mr Suresh receives reimbursement of medical expenses which he spend on his daughter treatment. Treatment was done in a government hospital. Advice tax treatment for such treatment.

Mr A Receives gift worth Rs. 15000 on the occasion of his marriage anniversary. What is the treatment of such gift

Mr Samyak is an employee of XY Ltd. XYZ ltd provids phone connection at Samyak’s residence, bill is paid by employer. What is the traetment for such service as per Income Tax Act?

What is the amount of standard deduction from gross salary ?

Company provides facility of laptop for all its employees costing Rs 60000. Comment on the taxability of the same?

Mr Sahil was employed on 01/04/2019. Pay scale was as follows 30000-1000-34000-1500-43000-2000. what is the gross salary for the PY 2022-23 ?

On what basis bonus is taxable under Income Tax Act?

which of the following are taxable under the head income from salaries on receipt basis?

Which of the following is the correct statement ?
1. Contract between employer and employee is Contract of Service
2. Contract between employer and employee is Contract for Service
3. Contract between professional and client is Contract for Service
4. Contract between professional and client is Contract of Service

Salary of Raju becomes due on 1st of next month and it is paid on 6th of that month. How much time salary is taken for AY 22-23 ?

as per which section deduction is allowed from gross salary?

standard deduction of Rs. 50,000 is not allowed to which income

CA Debashish is an employee of Delloitte. He works under the contract basis. He wants to show his salary as an audit fees. Under which head such amount will be chaargeable to tax ?

which section governs standard deduction to be allowed from gross salary ?

Salary is taxable under the head salaries when there is a employer employee relationship. Who is the exception to the above rule ?

who is eligible for claiming deduction under section 16(ii)

Which section of Income tax act defines inclusive definition of salary?

as per section 15, salary is taxable on which basis?

professional tax is charged by which authority ?

which of the following is correct statement with respect to recognised provident fund ?
1. employees contribution fully qualifies for deduction u/s 80C
2. employer’s contribution is exempted upto 12% of salary
3. interest on RPF is exempted upto 9.5%

What is the traetment for daily allowance received by a member of the parliament.

Mrs Shilpa is getting salary of rs. 20000 per month. Her salary is due on last day of every month. Salary for the month of march 2022 was paid on 7th april 2022. compute total salary chargeable to tax under the head salaries for PY 2021-22

Under which head of Income tax payment received by an employee from his prospective employer is charged.

which of the following is not taxable under the head salary ?

Is surrender of salary is fully exempted?

What is Statutory limit u/s 16(ii) for deduction of entertainment allowance in case of government employee?

Is entertainment allowance fully taxable irrespective of the expenditure incurred on entertainment of guests.

Is refund of SPF and RPF fully exempted ?

Does salary includes income tax paid by employer of behalf of employee ?

Tiffin allowance is considered as fully exempted allowance?