06 December 2012
Hi, I work in a Pvt Ltd company. Salary Break up as follows: 1.Basic 2. House rent allownce 3.Special Allowance
My question is if I calculate house rent exemtion as I live in rented house I have seen that it depends upon 3 factors: a)Rentpaid-10% of salary applicable for me.
Here 'salary' means only the basic I receive or it will be (Basic+special allowance)?