The death-c um-retirement gratuity received by the Government Employee or employee of the local authority is.

Related MCQs

• If the employee receives retirement gratuity from more than one employer, he can claim exemption in respect of .
• The Payment of Gratuity Act came into force in…………...
• The family pension received by the family members of armed forces after death of employee is .
• If loan granted by employer to employee does not exceed …………., it is not treated as perquisite to employee for purpose of income tax.
• Gift to employee up to p.a. will not be treated as perquisite taxable in the hands of employee.
• Expenditure on free meals to employee in excess of………………per meal will be treated as perquisite of employee.
• Value of rent-free accommodation in case of Government employee shall be taxable up to
• Mr. R owns a house. The Municipal value of the house is ` 50,000. He paid ` 8,000 as local taxes during the year. He uses this house for his residential purposes but lets out half of the house @ ` 3,000 p.m. The annual value of the house is.
• Income received in India whether occurred in India or outside India, the tax incidence in case of resident is .
• Income received in India whether occurred in India or outside India, the tax incidence in case of resident but not ordinarily resident is .