What is the meaning of salary w.r.t. hra?
This query is : Open
29 December 2016
Sir,
Can anyone clear my following doubts. Thanks in advance.
1. The meaning of Salary is Basic + DA (is this correct)
2. What about the DA arrears received during the year. Should that also be included in Salary?
3. What about the amount received by way of Surrender i.e. Earned leave. Should that also be included in Salary?
Query 1:
Basic + GP = Total + DA + HRA = Total
12000 + 4800 = 16800 + 22200 + 1000 = 40000
Query 2:
Suppose if DA Arrears received during the year is 3000 should that be added with Salary?
Query 3:
If I received Earned Leave as 20000, should that be added with Salary?
Thank you for your time.
Can anyone clear my following doubts. Thanks in advance.
1. The meaning of Salary is Basic + DA (is this correct)
2. What about the DA arrears received during the year. Should that also be included in Salary?
3. What about the amount received by way of Surrender i.e. Earned leave. Should that also be included in Salary?
Query 1:
Basic + GP = Total + DA + HRA = Total
12000 + 4800 = 16800 + 22200 + 1000 = 40000
Query 2:
Suppose if DA Arrears received during the year is 3000 should that be added with Salary?
Query 3:
If I received Earned Leave as 20000, should that be added with Salary?
Thank you for your time.
29 December 2016
The answer to all your questions is yes. All of these should be added to the total salary.
29 December 2016
If u are taking about HRA exemption -
1. answer to Q-2 is yes
2. answer to Q-3 is no.
Inference rule 2(h) of IT Rules,1962.
1. answer to Q-2 is yes
2. answer to Q-3 is no.
Inference rule 2(h) of IT Rules,1962.
29 December 2016
Thank you ND.
Thank you Mr.Chackrapani Warrier you have rightly pointed out, I was clarifying about HRA Exemption.
Thank you Mr.Chackrapani Warrier you have rightly pointed out, I was clarifying about HRA Exemption.
29 December 2016
Another doubt.. suppose HRA of Rs.500 is deducted from my Earned leave of Rs.20000 during the year.
Should I include this HRA (Rs.500) also for tax exemption?
Should I include this HRA (Rs.500) also for tax exemption?
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