Easy Office
Easy Office

Tds for hra and conveyance

This query is : Resolved 
Profile Image

Profile Image

(Querist)
10 April 2014 pl explain whether HRA and conveyance are exempted from the TDS scheme.If so what percentage each ?
Profile Image

CA Devanand Jethanandani

Profile Image

CA Devanand Jethanandani (Expert)
10 April 2014 Hi Chidambaram,


HRA - least of below is exempted

1. Actual HRA received
2. Rent paid less 10% of Salary
3. If residence is in metro 50% of salary elsewhere 40% of salary

(Salary for this purpose = Basic + D. A.)

Conveyance is exempted upto Rs.800 per month


Regards,
Devanand
Profile Image

Sandeep Mangal Agarwal

Profile Image

Sandeep Mangal Agarwal (Expert)
10 April 2014 Correct devanand....
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links