Exempted limit of HRA in metropolitan cities is.
A) 50% of salary.
B) 40% of salary.
C) 15% of salary.
D) none of these.
Correct Answer:
Verified
Q6: In case of Tax free salary, .......................................
A)tax
Q7: Salary received by a member of parliament
Q8: Allowances received by a government employee posted
Q9: Dearness allowance is taxable in the hands
Q10: House rent allowance is....................
A)fully exempted.
B)partly taxable.
C)fully taxable.
D)actual
Q12: Education allowance is exempted for a maximum
Q13: Children education allowance is exempted up to..................
A)rs.
Q14: Hostel expenditure allowance is exempted up to..................
A)rs.
Q15: Entertainment allowance to govt. employees is exempted,
Q16: A Perk is.........................
A)cash paid by employer to
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