Value of facility of a house, owned by the employer, provided to an employee in the city where the population is 15 lakh, shall be:
A) 7.5% of salary
B) 10% of salary
C) 15% of salary
D) 24% of salary
Correct Answer:
Verified
Q15: Festival allowance is :
A)Fully taxable
B)Fully exempted
C)Partly taxable
D)None
Q16: HRA received by an employee who is
Q17: Standard deduction allowed from salary for A.
Q18: Entertainment allowance received by an employee of
Q19: Children education allowance is exempt up to
Q20: Rent free accommodation is an example for:
A)Allowance
B)Profit
Q21: Children hostel allowance is exempt up to
Q22: Underground allowance is exempt up to:
A)Rs: 3200
Q23: In case of an orthopedically handicapped employee,
Q24: The amount of exemption in respect of
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