1. HRA is ……………….
a) Fully Taxable
b) Partly Taxable
c) Fully Exempted
d) None of these
2. Rule ………… explain the taxation of HRA
a) 2
b) 2A
c) 2AA
d) 2AB
3. Agricultural income in Pakistan is assessable for ....................
a) Resident
b) Not Ordinarily Resident
c) Non-resident
d) Not taxable
4. If the assessee is living in own house HRA is ………….
a) Fully Taxable
b) Partly Taxable
c) Fully Exempted
d) None of these
5. Entertainment allowance is allowed as a deduction as per section ……………
a) 16
b) 16(i)
c) 16(ii)
d) 16(iii)
6. Any allowance granted for encouraging research, academic and other professional pursuit is called ………………………
a) Research Allowance
b) Academic Allowance
c) Higher Educational Allowance
d) Educational Allowance
7. Children education allowance is exempt up to per month per child for two children
a) Rs.100
b) Rs.150
c) Rs.200
d) Rs.250
8. Children hostel allowance is exempt up to per month per child for two children
a) Rs.100
b) Rs.200
c) Rs.250
d) Rs.300
9. Transport allowance given by the employer to the employee is exempt up to ……….
a) Rs.1000 p.m
b) Rs.1600 p.m
c) Rs.1000 p.a
d) Rs.1600 p.a
10. Foreign allowance is a …………….
a) Fully Exempted Allowance
b) Fully Taxable Allowance
c) Partly Exempted Allowance
d) None of these