Tax Book 2023

(Ben LeoJzBdje) #1

Computation of Taxable Income Chapter- 06



  1. The taxable income of a salaried taxpayer not exceeds Rs.__ is chargeable to tax @ 0%.


(a) 6 00,000

(b) 350,000

(c) 400,000

(d) 500,000


  1. Where a full time teacher or researcher working in non-profit organization is having salary income as
    well as some other taxable income, the benefit of reduction in tax liability shall be available on
    ___ if his total taxable income is less than Rs. 1,000,000.


(a) his total income

(b) his salary income only
(c) income other than salary

(d) all of above


  1. Rate of tax for a small company is ____.


(a) 50%

(b) 35%

(c) 25%

(d) 20 %


  1. Share from AOP is __ in the hands of members.


(a) exempt

(b) taxable

(c) safe

(d) all of above


  1. The slab rates of tax for _____ are same for tax year 20 23 as they were applicable in tax year 20 22.


(a) salaried and non-salaried persons

(b) small company

(c) none of the above


  1. The Company share in income (under normal tax regime) of an AOP being as member is _____
    .
    (a) exempt from tax


(b) taxed in the hands of the AOP

(c) taxed in the hands of Company

d) none of the above

ANSWERS


1 (b) 2 (c) 3 (b) 4 (b) 5 (c)
6 (d) 7 (d) 8 (d) 9 (a) 10 (c)
11 (a) 12 (c) 13 (d) 14 (a) 15 (a)

16 (b)^17 (d)^18 (a)^19 (c)^20 (c)^

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