computation of HRA
This query is : Resolved
09 January 2009
if a person get salary in mumbai and doing service in saudi . and paying house rent in mumbai where his family member's are residing.(family member include father and mother)
Salary details
HRA per month RS.9830
Actual.rent paid - Rs-8000 P.M.
BASIC SALARY INLUDING D.A RS.19212 P.M.
what is the taxable amount of HRA.
Salary details
HRA per month RS.9830
Actual.rent paid - Rs-8000 P.M.
BASIC SALARY INLUDING D.A RS.19212 P.M.
what is the taxable amount of HRA.
10 January 2009
Exemption:
Lower of
Limit 1 - Excess of rent over 10% of sal = 6078
Limit 2 - 50% of rent = 4000
Limit 3 - Actual HRA = 9830.
Taxable HRA = 5830/-
Lower of
Limit 1 - Excess of rent over 10% of sal = 6078
Limit 2 - 50% of rent = 4000
Limit 3 - Actual HRA = 9830.
Taxable HRA = 5830/-
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