The assessment period for income tax on salary is .

Related MCQs

• 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.
• The income is chargeable under the head of salary under ……………of Income Tax Act, 1961.
• Under Section 15 of Income Tax Act, the salary due in previous years and even if it is not received is .
• The house rent allowance (HRA) under the salary head of Income Tax Act is given by
• Advance salary is taxable and advance against salary is .
• Income tax is collected on all types of income except .
• If the agricultural income is ……….. then the agricultural income is considered for calculating tax.
• The following is exempt income from Income Tax:.
• Agricultural income is completely exempted for assessment year
• Any commission due or received by a partner of a firm from the firm shall not be regarded as salary income under .