Taxation Quiz

“Health and Education cess (HEC)” is to be calculated at the rate of __________of income-tax and surcharge

Calculate the amount of rebate under section 87A in case of a resident individual of 45 years having total income of Rs.3, 00,000.

A person by whom any tax is payable under Income Tax Act 1961 is called _____

While computing adjusted total income for the purpose of section 80 G, following shall not be reduced from Gross Total income:

Overall deduction u/s 80C together with deduction u/s 80CCC & 80CCD (1) shall not exceed Rs. ______

Which of the following donations is eligible for 100 % deduction?

The income tax payable by an individual is Rs 8,562.55. The rounded off tax payable will be...........

Clubbing of income means ______

Under which section HUF is not entitled to deduction from GTI?

For the assessment year 2019-20, the basic exemption limit in case of a resident individual of the age of 60 years or above but below 80 years is Rs.