Hra calculation
This query is : Resolved
29 December 2015
I think you mean to say HRA Exemption calculation.
HRA received is exempt u/s 10(13A) to the extent of the minimum of the following 3 amounts:
# Actual House Rent allowance received by the employee in respect of the relevant period
# Excess of Rent paid for the accommodation occupied by him over 10% of the salary for the Relevant Period
# 50% of the salary where the residential house is situated in Mumbai, Calcutta, Delhi or Chennai and 40% of the Salary where the house is situated at any other place for the relevant period.
HRA received is exempt u/s 10(13A) to the extent of the minimum of the following 3 amounts:
# Actual House Rent allowance received by the employee in respect of the relevant period
# Excess of Rent paid for the accommodation occupied by him over 10% of the salary for the Relevant Period
# 50% of the salary where the residential house is situated in Mumbai, Calcutta, Delhi or Chennai and 40% of the Salary where the house is situated at any other place for the relevant period.
29 December 2015
Also check out HRA Calculator from link given below:
https://www.caclubindia.com/share_files/automated-hra-exemption-calculator-u-s-10-13a--65998.asp
https://www.caclubindia.com/share_files/automated-hra-exemption-calculator-u-s-10-13a--65998.asp
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