Organized By The Department of Commerce, HKBK Degree College, Bengaluru, Karnataka.
About the Quiz
- Participate in the National Income Tax Day 2026 Awareness E-Quiz, organized to promote awareness about taxation, voluntary tax compliance, and responsible citizenship.
- Title: National Income Tax Day 2026 – Awareness E-Quiz
- Date: 24th July 2026
- Platform: Google Forms
- E-Certificates will be awarded to all participants.
- We look forward to your enthusiastic participation in making this awareness initiative a success.
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100% Correct Answers Available Here
- National Income Tax Day in India is observed on:
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A) 1st April
B) 24th July
C) 15th August
D) 26th January - Which department is responsible for collecting direct taxes in India?
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A) Reserve Bank of India
B) Goods and Services Tax Council
C) Income Tax Department
D) Ministry of Commerce - Income Tax is a type of:
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A) Indirect Tax
B) Direct Tax
C) Service Tax
D) Customs Duty - The Income Tax Department functions under which ministry?
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A) Ministry of Corporate Affairs
B) Ministry of Home Affairs
C) Ministry of Finance
D) Ministry of Commerce - Which Act governs the levy and collection of income tax in India?
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A) GST Act, 2017
B) Companies Act, 2013
C) Income-tax Act, 1961
D) Finance Act, 1956 - Filing an Income Tax Return (ITR) helps taxpayers to:
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A) Apply for a passport only
B) Claim eligible tax refunds and maintain financial records
C) Avoid opening a bank account
D) Increase GST liability - Which of the following is a Direct Tax?
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A) GST
B) Customs Duty
C) Income Tax
D) Excise Duty - Which authority administers the Income-tax Act, 1961 in India?
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A) Reserve Bank of India (RBI)
B) Central Board of Direct Taxes (CBDT)
C) Goods and Services Tax Council
D) Comptroller and Auditor General (CAG) - Which of the following is NOT taxable under the head “Income from House Property”?
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A) Rental income
B) Arrears of rent
C) Self-occupied house with nil annual value
D) Profit from sale of house property - Which of the following is NOT one of the five heads of income under the Income-tax Act?
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A) Income from Salary
B) Income from House Property
C) Income from Agriculture
D) Income from Capital Gains - The assessment year is the year in which:
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A) Income is earned
B) Income is assessed and taxed
C) Investment is made
D) TDS is deducted - Which section of the Income-tax Act deals with deduction for investments such as PPF, ELSS, and Life Insurance Premium?
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A) Section 10
B) Section 80C
C) Section 24
D) Section 194A - Tax Deducted at Source (TDS) is primarily intended to:
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A) Reduce GST liability
B) Collect tax at the point of income generation
C) Increase corporate profits
D) Replace Income Tax Returns - Which Income Tax Return (ITR) form is generally used by individuals having income from salary and one house property without business income?
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A) ITR-1 (Sahaj)
B) ITR-3
C) ITR-6
D) ITR-7 - Which of the following is a Permanent Account Number (PAN)?
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A) 1234567890
B) ABCDE1234F
C) PAN1234567
D) A123456789 - Advance Tax is generally payable when the estimated tax liability during a financial year exceeds:
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A) ₹5,000
B) ₹10,000
C) ₹25,000
D) ₹50,000 - Which of the following is NOT a function of the Income Tax Department?
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A) Collection of Direct Taxes
B) Investigation of Tax Evasion
C) Administration of Income-tax laws
D) Collection of GST from businesses - Which of the following taxes is administered by the Central Board of Direct Taxes (CBDT)?
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A) GST
B) Customs Duty
C) Income Tax
D) Excise Duty on Petroleum Products - The objective of National Income Tax Day is to:
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A) Increase indirect tax collections
B) Promote awareness about voluntary tax compliance and the role of taxation in nation-building
C) Introduce new GST rates
D) Conduct income tax raids - Which of the following is a benefit of timely tax compliance?
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A) Better financial credibility and easier loan processing
B) Free insurance coverage
C) Automatic passport renewal
D) Free railway travel