When employer contributes to approved superannuation fund it is chargeable to tax as perquisite when the contribution exceeds-

Related MCQs

• When the amount is withdrawn from National Pension System Trust, it is chargeable to tax to the extent the withdrawal exceeds ______________ % of the contribution of the assessee.
• 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
• 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
• If a domestic servant is engaged by the employer and salary is paid by him, the perquisite is
• Taxable value of perquisite being sweat equity shares allotted by the employer is:
• Employer’s contribution to unrecognized provident fund
• Rate of Interest accruing to a particular employee by virtue of his employer’s contribution to Recognized Provident Fund is 12.5% p. a. In such a case
• Monetary limit for exemption in the case of encashment of earned leave on superannuation received by private sector employee is
• Contribution to approved research (not scientific) institution in case of a business man is:
• Mr. A has loss from regular business of Rs. 8lakhs and income from speculation business of Rs. 11 lakhs. His total income chargeable to tax would be