Tax Book 2023

Income From Salary Chapter- 07

Q.29 A salaried person income is taxable @ 0%, if his / her annual income is equal or less than ___.

(a) 1,000,000

(b) 350,000

(c) 6 00,000

(d) 500,000

Q.30 Commission paid to a part time employee director is chargeable to tax under the head __ of
such director.
(a) salary income

(b) commission income

(c) property income

(d) all of above

Q.31 Any amount payable by employee to employer that has been waived of by the employer is ___
in the hands of the employee.

(a) not taxable

(b) taxable

(c) exempt

(d) all of above

ANSWERS

1 (d) 2 (e) 3 (c) 4 (d) 5 (b)

6 (a) 7 (b) 8 (d) 9 (d) 10 (a)

11 (d) 12 (a) 13 (d) 14 (a) 15 (c)

16 (d) 17 (a) 18 (a) 19 (a) 20 (d)

21 (d) 22 (a) 23 (d) 24 (a) 25 (b)

26 (b) 27 (a) 28 (a) 29 (c) 30 (a)

31 (b)