Computation of Taxable Income Chapter- 06
- 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
- 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
- Rate of tax for a small company is ____.
(a) 50%
(b) 35%
(c) 25%
(d) 20 %
- Share from AOP is __ in the hands of members.
(a) exempt
(b) taxable
(c) safe
(d) all of above
- 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
- 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)^