Pension received by an employee of the central or state government who has been awarded "Param Vir Chakra" _____________
A) Is taxable as income from salary
B) Is exempt from tax
C) Is taxed after deducting Rs.15,000 or 1/3 whichever is lower
D) Is taxable as income from other sources
Correct Answer:
Verified
Q3: M.claimed the exemption of gratuity in the
Q4: Employee M is neither a government employee
Q5: Compensation received on voluntary retirement is exempt
Q6: M is entitled to children education allowance
Q7: Entertainment allowance in case of government employee
Q9: Children education allowance is _
A)Exempt upto lower
Q10: Leave travel concession is _
A)Exempt up to
Q11: M.has taken a house on rent and
Q12: Municipal valuation of the house is Rs.1,00,000
Q13: A has two house properties. Both are
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