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Q. The salary of Member of Parliament is taxable under the head .

Q. The assessment period for income tax on salary is .

Q. Mr. Shushant is the owner of a house, the details of which are given below the gross annual value would be Municipal value ` 36,000 Actual rent ` 32,000 Fair Rent ` 36,000 Standard Rent ` 40,000

Q. The Payment of Gratuity Act came into force in…………...

Q. If the employee receives retirement gratuity from more than one employer, he can claim exemption in respect of .

Q. The income from foreign companies by providing the services in project connected with security of India is from tax liability.

Q. Mr. Ram owns a house property. He lent it to Laxman at ` 10,000 p.m. Laxman sublet it to Mr. Maruti on monthly rent of ` 20,000 p.m. Rental income of Laxman is taxable under the head .

Q. Value of rent-free accommodation or a house owned by employer in case of non-government employees with above 25 lakh population is .

Q. The entertainment allowance is applicable to .

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