Advance salary is taxable and advance against salary is .

Related MCQs

• The salary of Member of Parliament is taxable under the head .
• Which of the following is not taxable under the head Salary?
• The assesses can claim relief under…………….for arrears or advance salary.
• Income accrued outside India and received outside India is taxable in case of.
• The children education allowance, the amount exempted from taxable income is limited to
• The following is not taxable as income under the head “Salaries”:
• Gift to employee up to p.a. will not be treated as perquisite taxable in the hands of employee.
• 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.
• Arrear rent is taxable after deducting…………..as per Section 25B of the Income Tax Act, 1961.