11 July 2016
HRA actual or subject to maximum Rs.1600/- P.M Medical allowance upto 1250/- P.M HRA is calculated least of three Actual HRA received Rent paid excess of 10% of Basic wages 40% or 50% of Basic wages non metropolitan and metropolitan.
12 July 2016
Thanks to Mr. Kaviraja Addangadi for the detailed reply. I think Rs.1600/- pm related to Transport Allowance & not HRA. But in my query you missed out provisions relating to LTA & Sodexo coupon providing by company for Rs.3000/-
12 July 2016
sodexo is exempt. LTA is exempt as per the limits of section 10 (5) in the case of an individual, the value of any travel concession or assistance received by, or due to, him,— (a) from his employer for himself and his family, in connection with his proceeding on leave to any place in India ; (b) from his employer or former employer for himself and his family, in connection with his proceeding to any place in India after retirement from service or after the termination of his service, subject to such conditions as may be prescribed44 (including conditions as to number of journeys and the amount which shall be exempt per head) having regard to the travel concession or assistance granted to the employees of the Central Government : Provided that the amount exempt under this clause shall in no case exceed the amount of expenses actually incurred for the purpose of such travel
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