Financial and Legal Literacy, Module-1 - Practice Mode

1) Regular payment made by the employer to the employee is ____.
Correct Answer: Salary
2) Deductions should be paid from the ____.
Correct Answer: Gross salary
3) The government collects _____from the citizens.
Correct Answer: Tax
4) Karthik has joined a new company. His salary is Rs. 3 lakhs per year. This is his ___?salary.
Correct Answer: Gross
5) Simon?s company calculated the income tax and paid on behalf of him. This is called ___?.
Correct Answer: TDS
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