The children education allowance, the amount exempted from taxable income is limited to
A) 100 per month per child upto 3 children
B) 1,000 per year per child upto 2 children
C) 100 per month per child upto 2 children
D) none of the above
Correct Answer:
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Q4: The death-cum-retirement gratuity received by the Government
Q5: Under Section 15 of Income Tax Act,
Q6: The assesses can claim relief under…………….for arrears
Q7: The Payment of Gratuity Act came into
Q8: Which of the following is not taxable
Q10: If the employee receives retirement gratuity from
Q11: The family pension received by the family
Q12: The entertainment allowance is applicable to .
A)private
Q13: The assessment period for income tax on
Q14: Total income is to be rounded off
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