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

Related MCQs

• Employer’s contribution to unrecognized provident fund
• When a resident senior citizen having gross total income of Rs. 5,56,000, has derived interest from savings account in a nationalized bank of Rs. 8,200 and fixed deposit interest of Rs. 47,000 from such bank, he is eligible for deduction of Rs. ________ from the gross total income.
• When employer contributes to approved superannuation fund it is chargeable to tax as perquisite when the contribution exceeds-
• 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
• Tax is deducted at source on winning from lottery, the rate for such deduction in case of resident individual deductee is:
• Contribution to approved research (not scientific) institution in case of a business man is:
• Transport allowance in case of a disabled employee is exempt upto:
• Monetary limit for exemption in the case of encashment of earned leave on superannuation received by private sector employee is
• Statutory limit u/s.16(ii) for deduction of entertainment allowance in case of a nonGovernment employee is
• Short-term capital gain on sale of listed shares (STT paid) in a recognized stock exchange is chargeable to income-tax @ ______ %.