The house rent allowance (HRA) under the salary head of Income Tax Act is given by_____________.

Related MCQs

• _______ is the rent fixed under Rent control Act.
• Under Section 15 of Income Tax Act, the salary due in previous years and even if it is not received is _______________.
• For an employee in receipt of hostel expenditure allowance for his three children, the maximum annual allowance exempt under section 10(14) is
• Mr. Ram owns a house property. He lent it to Laxman at`10,000 p.m. Laxman sublet it to Mr. Maruti on monthly rent of`20,000 p.m. Rental income of Ram is taxable under the head______________.
• Salary of S (Rs. 40,000 per month) becomes due on the last day of the month but is paid on 7th of next month. Also, salary of April, 2014 and May, 2014 is received in advance in March, 2014. What will be his gross income for Assessment Year 2014-15?
• Under the Head Income from House Property, the basis of charge is the ______________ of property.
• Calculate the Gross Annual value from the following details: Municipal Value - Rs. 45,000 Fair rental value - Rs. 50,000 Standard rent - Rs. 48,000 Actual Rent - Rs. 42,000
• For computation of Gross Annual Value, if actual rent is more than expected rent, then we select the ______________.
• The Central Government has notified Income computation and disclosure standards for computing income under the head Profits and Gains of Business and Profession - .
• Pension is _______________ under the salary head.