Financial and Legal Literacy, Module-1 - Quiz

1) Regular payment made by the employer to the employee is ____.

Appraisal Debt Loan Salary

2) Deductions should be paid from the ____.

Gross salary Net Salary Earnings Basic Salary

3) The government collects _____from the citizens.

Loan Tax Deductions Conveyance

4) Karthik has joined a new company. His salary is Rs. 3 lakhs per year. This is his ___?salary.

Monthly Basic Net Gross

5) Simon?s company calculated the income tax and paid on behalf of him. This is called ___?.

House rent allowance Interest TDS NPS