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Current Affairs January 2024

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4

Professional Tax is levied for the benefit of the professional persons only.

A. True

B. False

Correct Answer :

B. False


Related Questions

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4

A member of Provident Fund Scheme can take advance for purchase of a house to the extent of

A. 36 months' basic pay + DA

B. Member's share of EPF contribution + employer's contribution + interest

C. Cost of purchase

D. Least of the above

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4

Professional Tax is levied for the benefit of the professional persons only.

A. True

B. False

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4

Employees' State Insurance Act, 1948 is applicable in an establishment where work is carried on without the aid of power.

A. True

B. False

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4

Advance against PF balance can be taken for non-receipt of wages for a continuous period of

A. 2 months

B. 3 months

C. 6 months

D. 12 months

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4

The period in respect of which salary/wages are paid is known as __________ period.

A. Weekly

B. Wage

C. Remuneration

D. None of the above

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4

For the purpose of Employees Provident Fund and Miscellaneous Provisions Act, 1952 the term "employee" does not include

A. Substitute employee

B. Casual Employee

C. Apprentice

D. All of the above

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4

Employees' State Insurance Fund is administered by the

A. Central Government

B. State Government

C. Employees' State Insurance Corporation

D. Standing Committee

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4

For the purpose of Employees Provident Fund and Miscellaneous Provisions Act, 1952 "employee" does not include casual employee.

A. True

B. False

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4

In case an employee falls under the Employees' State Insurance Act, 1948 registration has to be done compulsorily.

A. True

B. False

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4

In relation to Profession Tax a person has to pay tax for the full year even if he was not engaged in any profession, trade, calling or employment for a period of 3 months in that year.

A. True

B. False

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4

The minimum amount of administration charges to be paid by the employer in case of Provident Fund Scheme is ___________ per ____________.

A. Re.1, Month

B. Rs.5, Month

C. Re.1, Year

D. Rs.5, Year

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4

_____________ is used for submission of Professional Tax Return.

A. Form II

B. Form III

C. Form IV

D. None of the above

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4

The Employees' State Insurance Corporation is established by the State Government.

A. True

B. False

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4

The Provident Fund is administered by

A. Provident Fund Corporation

B. Employees' PF Corporation

C. Central Board

D. None of the above

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4

Only a person who works for full 12 months in a year has to pay Professional Tax.

A. True

B. False

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4

In case of a company registered under any state Act on Professions, Trades, Callings and Employments, any change in the constitution of the Board of Directors is to be informed.

A. True

B. False

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4

The value of perquisites is to be included in salary for determining the amount of Professional Tax payable.

A. True

B. False

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4

The maximum amount of Professional Tax payable in a year is

A. Rs.2,005

B. Rs.2,050

C. Rs.2,500

D. Rs.2,550

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4

The employer can reduce the salary payable to an employee in order to reduce contribution payable under Employees Provident Fund and Miscellaneous Provisions Act, 1952 by filling up Form II

A. True

B. False

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4

Professional Tax Clearance Certificate is valid for a maximum period of 12 months.

A. True

B. False

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4

Insurance Number is allotted only to those employees in respect of whom Declaration Form has been submitted.

A. True

B. False

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4

An employee's monthly pay is Rs.6,500. The amount of salary actually paid to him for the month of May'04 is Rs.5,700. The amount of Professional Tax payable by him is

A. Rs.40 (More than Rs.5,000 but less than Rs.6,001)

B. Rs.45 (More than Rs.6,000 but less than Rs.7,001)

C. Average of (a) and (b)

D. None of the above

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4

In case of ESI the Register of Employees in Form 7 is to be preserved for a period of 5 years from the date of

A. Introduction of the Register

B. Last entry in the Register

C. or (b) whichever is earlier

D. or (b) whichever is later

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4

In the state of West Bengal, in case the annual Professional Tax liability for a year exceeds Rs.3,000, Form III is to be submitted within

A. 30 days from the end of the quarter

B. 21 days from the end of the quarter

C. The last day of the quarter

D. None of the above

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4

The family of Mrs.Anamika Roy, covered by Employees Provident Fund and Miscellaneous Provisions Act, 1952 means

A. Her husband and children, if any

B. Her parents and parents-in-law, if any

C. Her deceased son's wife and children, if any

D. All of the above

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4

The amount of Provident Fund contribution is calculated on

A. Basic

B. Basic + Dearness Allowance

C. Basic + Dearness Allowance + Commission

D. None of the above

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4

______________ is used for submission of Professional Tax Return.

A. Form I

B. Form II

C. Form III

D. Form III A

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4

In case of non-payment of amount due under PF, the employer can be arrested.

A. True

B. False

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4

"Appropriate Government" , under Employees' State Insurance Act, in relation to an establishment under the control of the Central Government means ______________ .

A. Local Authority

B. State Government

C. Central Government

D. ESI Commissioner

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4

In case of Permanent Total Disablement the loss of earning capacity should be 80% or more.

A. True

B. False