The children education allowance, the amount exempted from taxable income is limited to

Related MCQs

• Agricultural income is completely exempted for assessment year
• The awards and rewards are exempted from Income Tax if .
• …………. is exempted from income tax.
• Which section of the Income Tax Act exempted incomes have been mentioned?
• The house rent allowance (HRA) under the salary head of Income Tax Act is given by
• As per Income Tax Act, 1961, income tax is charged on the income of at a rates which are prescribed by the Finance Act of relevant assessment year.
• Income accrued outside India and received outside India is taxable in case of.
• The following is not taxable as income under the head “Salaries”:
• 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 Laxman is taxable under the head .
• If the individual using the property for the business or professional purpose the income taxable under the……………..head.