Employee M is neither a government employee nor covered under payment of gratuity Act, 1972. He has completed 16 years and 8 months of service. The number of completed years considered for gratuity exemption shall be _____________

Related MCQs

• M.claimed the exemption of gratuity in the past to the extent of Rs.2,50,000.He was entitled to the gratuity from the present employer amounting to Rs.2,00,000 in the previous year 2017-18. M can claim exemption to the maximum extent of ___________
• A house property with fair rent Rs.1,20,000 is neither let out nor self-occupied throughout the previous year. Its annual value shall be ________
• Pension received by an employee of the central or state government who has been awarded “Param Vir Chakra” _____________
• M.has taken a house on rent and sublets the same to A, income of M from such house property shall be taxable under the head _____________
• Un -commuted pension received by a Government employee is ____________
• Entertainment allowance in case of government employee is _________________
• Assessment year is the period of twelve months commencing on ________________
• M.a chartered accountant is employed with M ltd, as an internal auditor and requests the employer to call the remuneration as internal audit fee.M. shall be chargeable to tax for such fees under the head __________
• An assessee has borrowed money for purchase of house and interest is payable outside India. Such as interest shall ____________
• Shivaji University is assessable under the Income Tax Act as _______________.