Children hostel allowance is exempt up to per month per child for

Related MCQs

• Children education allowance is exempt up to per month per child for two children.
• Transport allowance given by the employer to the employee is exempt up to………..
• Agriculture income is exempt in India:
• Receipt by a member from HUF is fully exempt
• 14 Income from shares of a public company set up in any special Industrial zone is exempt up to-------- years from the date of commencement of commercial production.
• Education allowance is exempted for……..
• Dearness allowance is taxable in the handsof.................
• Income of minor child clubbed with the income of parents gets an exemption of
• A person with the age of or more is considered as a super senior citizen as per Income tax Act.
• As per Income Tax Act, 1961, income tax is charged on the income of at a rate which are prescribed by the Finance Act of relevant assessment year.