An employer has paid medical insurance premium of Rs. 12,000 in respect of a salaried employee drawing annual salary of Rs. 6 lakhs. The amount of perquisite charged in the hands of employee is

Related MCQs

• Mr. Ramji is employed in ABC Ltd. who maintained a hospital for treatment of employees. During the financial year 2015-16, the value of medical benefit availed by Ramji’s family from the hospital was Rs. 2,10,000. The amount of medical perquisite chargeable to income tax would be
• If a domestic servant is engaged by the employer and salary is paid by him, the perquisite is
• When tax is not deducted at source on annual rent of Rs.2 lakhs paid to landlord by a company, the amount liable for disallowance under section 40(a) (ia) is
• When employer contributes to approved superannuation fund it is chargeable to tax as perquisite when the contribution exceeds-
• Taxable value of perquisite being sweat equity shares allotted by the employer is:
• Mr. Atul (aged 63), a resident Indian, paid for himself through account payee cheque, health insurance premium of Rs. 2,10,000 for 5 years in one lump sum on 28.03.2019. The eligible amount of deduction under section 80-D for the assessment year 2019-20 would be _______.
• Medical insurance premium incurred for senior citizen is eligible for deduction up to ________ under section 80D.
• While computing TDS on salary paid to employees, the losses given below to the applicable extent would be considered by the employer:
• Net salary after deducting tax at source Rs. 10,000 is Rs. 2,50,000 .The amount of taxable salary is:
• Mr. Harivallabh incurred medical expenditure of Rs. 1,20,000 in respect of the disease specified in rule 11DD for his father (aged 66) who is wholly dependent on him. The amount eligible for deduction from his gross total income would be ________.