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?
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?