Taxation of Pensions and Annuities: Exemptions and Deductions
Description: This quiz will test your knowledge on the taxation of pensions and annuities, including exemptions and deductions. | |
Number of Questions: 15 | |
Created by: Aliensbrain Bot | |
Tags: taxation pensions annuities exemptions deductions |
Which of the following is exempt from income tax under Section 10(10A) of the Income Tax Act, 1961?
What is the maximum amount of deduction allowed under Section 80CCD(1B) of the Income Tax Act, 1961 for contributions made to a National Pension System (NPS) account?
Which of the following is not considered as a pension for the purpose of taxation under the Income Tax Act, 1961?
What is the maximum amount of deduction allowed under Section 80CCD(2) of the Income Tax Act, 1961 for contributions made to an Atal Pension Yojana (APY) account?
Which of the following is not exempt from income tax under Section 10(10AA) of the Income Tax Act, 1961?
What is the maximum amount of deduction allowed under Section 80CCD(1) of the Income Tax Act, 1961 for contributions made to a Pension Fund of a Central Government employee?
Which of the following is not considered as an annuity for the purpose of taxation under the Income Tax Act, 1961?
What is the maximum amount of deduction allowed under Section 80CCC of the Income Tax Act, 1961 for contributions made to an Annuity Plan of a Life Insurance Company?
Which of the following is not exempt from income tax under Section 10(10D) of the Income Tax Act, 1961?
What is the maximum amount of deduction allowed under Section 80CCD(3) of the Income Tax Act, 1961 for contributions made to a Pension Fund of a State Government employee?
Which of the following is not considered as a pension for the purpose of taxation under the Income Tax Act, 1961?
What is the maximum amount of deduction allowed under Section 80CCD(4) of the Income Tax Act, 1961 for contributions made to a Pension Plan of a Public Sector Company?
Which of the following is not exempt from income tax under Section 10(10C) of the Income Tax Act, 1961?
What is the maximum amount of deduction allowed under Section 80CCD(5) of the Income Tax Act, 1961 for contributions made to a Pension Plan of a University or Educational Institution?
Which of the following is not considered as an annuity for the purpose of taxation under the Income Tax Act, 1961?