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Deductiond

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(Querist)
27 March 2012 DEAR SIR

MY SALARY RS.500000/- IN METRO CITY

A-HRA RECEIVED-36000
B-HOUSE RENT PAID-60000
C-MEDICAL ALLOWANCE RECEIVED-30000
D-MEDICAL EXP INCURRED FOR FATHER(65)-55000
E-MEDICAL CHECK UP FOR ME-RS-5000

I WANT TO KNOW HOW MUCH AMT IS DEDUCTIBLE AGAINST EACH ITEM ABOVE
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
28 March 2012 1. HRA will be exempt to the extent of lower of the following:

(a) Actual HRA received
(b) Rent Paid less 10% of salary
(c) 50% of salary
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CA Nagaraj Bhat

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CA Nagaraj Bhat (Expert)
29 March 2012 Medical allowance is exempt to the extent of Rs. 15,000/-

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