IBPS PO General Awareness: Income Tax questions with solutions

Q1. Professional tax is ______.

1. Fully deductible as a Chapter VI A deductions
2. Fully deductible from Gross salary
3. Fully deductible from gross total Income
4. Not Allowable deduction as per income tax

Answer: Fully deductible from Gross salary

Professional tax paid by an employee is deductible from gross salary while computing income under the head "Salaries." It is not a Chapter VI-A deduction and not deducted from gross total income.