Quiz on Taxation

Mr. Sharma contributed Rs 10,000 to a political party by cheque , he can avail deduction under

Mr. X, resident, has only income by way of winning from lottery Rs.50, 000. Compute his tax liability assuming that there was no tax deducted at source.

Mr. X, resident, 35 years, has only income from business Rs.12, 00,000. Compute his tax liability

Which among the following deduction is available only to disabled persons :

Short term capital loss can be set off from :

Deduction available under section 80QQB in respect of royalty income of authors shall not exceed in a previous year by

Deduction under section 80C to 80U can be claimed from:

Deduction under 80G on account of donation is allowed to :

The income-tax is to be increased by health and education cess @_______ on income- tax plus surcharge/ minus rebate under section 87A, wherever applicable

What is the basic exemption limit in case of a resident individual of the age of 60 years or above but below 80 years for the assessment year 2020-21?