Deduction in ITR Section 80

This query is : Resolved 

09 February 2017 Deduction under chapter VI A, in which section HRA and CA are exempted?

09 February 2017 HRA exemption is to availed u/s 10(13A). It is not a part of Chapter VI A dedcutions.

Exemption is quantified in Rule 2A of Income Tax Rules, 1962 as under—
(a) the actual amount of HRA received by the assessee in respect of the relevant period; or
(b) Rent paid in excess of 10% of salary in respect of the relevant period; or
(c) an amount equal to—
(i) where such accommodation is situate at Bombay, Calcutta, Delhi or Madras, 50% of the amount of salary in respect of the relevant period; and
(ii) where such accommodation is situate at any other place, 40% of the amount of salary in respect of the relevant period,
whichever is the least.

09 February 2017 HRA exemption is to availed u/s 10(13A). It is not a part of Chapter VI A dedcutions.

Exemption is quantified in Rule 2A of Income Tax Rules, 1962 as under—
(a) the actual amount of HRA received by the assessee in respect of the relevant period; or
(b) Rent paid in excess of 10% of salary in respect of the relevant period; or
(c) an amount equal to—
(i) where such accommodation is situate at Bombay, Calcutta, Delhi or Madras, 50% of the amount of salary in respect of the relevant period; and
(ii) where such accommodation is situate at any other place, 40% of the amount of salary in respect of the relevant period,
whichever is the least.




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