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Free download in PDF Tax Rate & Basic Concept of Income Tax Multiple Choice Questions and Answers for competitive exams. These short objective type questions with answers are very important for Board exams as well as competitive exams like UPSC, NDA, SSC etc. These short solved questions or quizzes are provided by Gkseries./p>
(1)
In case of a female individual, who is of 59 years of age, what is the maximum exemption limit for AY? 2019-20:
[A]
Rs.` 3,00,000
[B]
Rs.` 2,50,000
[C]
Rs.` 5,00,000
[D]
Nil
(2)
The income-tax payable by a Resident Individual (aged 30 years) for AY. 2019-20 if his total income is Rs.`3,00,000 will be:
[A]
Rs.` 2,600
[B]
Rs.` 2,210
[C]
Rs.` 2,206
[D]
Nil
(3)
The income-tax payable by a Non Resident Individual (aged 30 years) for Assessment Year 2019-20 if his total income is Rs.` 2,70,000 will be:
[A]
Rs.` 2,060
[B]
Rs.` 2,210
[C]
Rs.` 2,206
[D]
Rs.1040
(4)
The income-tax payable by a Resident Individual (aged 30 years) for AY. 2019-20 if his total income is Rs.` 3,01,500 will be:
[A]
Rs.` 2,630
[B]
Rs.` 78
[C]
Rs.` 150
[D]
Rs.` 2,626
(5)
The income-tax payable by a Mrs. Swati Non Resident Individual (aged 65 years) for AY. 2019-20 if her total income is Rs.` 2,75,000 will be:
[A]
Rs.560
[B]
Rs.` 2,575
[C]
Rs.` 2,580
[D]
Rs.` 1300
(6)
The income-tax payable by a Mr. Bansal Resident Individual (aged 25 years) for AY. 2019-20 if his total income is Rs.` 4,50,000 will be :
[A]
Rs.10,400
[B]
Rs.` 15,450
[C]
Rs.` 20,600
[D]
Rs.` 540
(7)
Arun, a non-resident of India celebrated his 80th birthday on 10th October 2018. If his total income for the previous year is Rs.` 6,00,000, his income-tax liability for the previous year 2018-19 is
[A]
Rs.` 46,350
[B]
Rs.` 41,200
[C]
Rs.` 20,600
[D]
Rs. ‘ 33,800
(8)
The amount of marginal relief admissible to Mr. Bansal Resident Individual (aged 25 years) for AY 2019-20 if his total income is Rs.1,01,00,000 will be :
[A]
Rs.`3,58,250
[B]
Rs.` 2,00,000
[C]
Rs.` 2,20,000
[D]
Rs.3,56,375
(9)
The maximum income of ` ---------------is not chargeable to tax is case of non-resident woman of 60 years of age.
[A]
Rs.` 2,50,000
[B]
Rs.` 3,00,000
[C]
Rs.` 5,00,000
[D]
Rs.` 10,00,000
(10)
The tax payable is rounded off to the nearest multiple of -
[A]
Rs.` 1
[B]
Rs.` 1,000
[C]
Rs.` 10
[D]
Rs.` 100
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