Total income is to be rounded off to nearest multiple of …………….and tax is to be rounded off to nearest multiple of .

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.
• 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 income is chargeable under the head of salary under ……………of Income Tax Act, 1961.
• The following is exempt income from Income Tax:.
• The awards and rewards are exempted from Income Tax if .
• The income received and accrued outside India from a business controlled or profession set up in India, the tax incidence in case of resident is .
• The income received and accrued outside India from a business controlled or profession set up in India, the tax incidence in case of non-resident is .
• The tax incidence for company or firm in which income received in India and company is resident is .
• The tax incidence for company or firm in which income received in India and company for non-resident is .