04 January 2010
Due to new amendments in the perquisites, please tell whether the HRA exemption on producing Rent receipt and Transport Allowance Rs 800/- is still exempted or we have to charge for tax Regards
05 January 2010
there is no change in HRA Exemption, the exemption will continue as provided in rule 10 (13A), regarding transport llowance the exemption limit of Rs. 800.00 p.m. will continue. it is mention that very soon the limit is being raised to Rs.3200 p.m., an order from ministry of finance is epected.
there HRA will be computed under rule 10(13A)for exemption purpose and Transport Allowance is Still exempt Rs. 800pm and no change will be on exemption.
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