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Q. Under Section 15 of Income Tax Act, the salary due in previous years and even if it is not received is .

Q. Gift to employee up to p.a. will not be treated as perquisite taxable in the hands of employee.

Q. If the assesses let out the building or staff quarters to the employee of business, the rent collected from such employees is assessable as income from .

Q. Mr. R owns a house. The Municipal value of the house is ` 50,000. He paid ` 8,000 as local taxes during the year. He uses this house for his residential purposes but lets out half of the house @ ` 3,000 p.m. The annual value of the house is.

Q. The income is chargeable under the head of salary under ……………of Income Tax Act, 1961.

Q. Expenditure on free meals to employee in excess of………………per meal will be treated as perquisite of employee.

Q. Interest on loan for self-occupied house taken before 1st April, 1999 will be allowed up to

Q. For computation for Income tax liability for individual, the Education Cess is

Q. The rate of tax for the financial year 2016-17 for the foreign companies is

Q. Interest on capital, borrowed on 10.10.2000, for self-occupied property is deductible up to a maximum amount of .