HRA

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Deepak (Querist)
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21 March 2011 Mr. X recived HRA Rs. 5000 p.m. for 6 months for next 6 month provided consessional Rent Accomodation then salary for Calaculation of Exemption & Perquisit will be consider for 6 month or whlole Year?

CA. Lohith Jagadeesh

CA. Lohith Jagadeesh (Expert)
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21 March 2011 Hi,

Salary for the purpose of HRA will be for the the period to which is paid, therefore it will be for 6 months,

Same is the case for RFA

Thank you,

Regards
CA. Lohith. J
B.Com,ACA,CS,(ICWA),SAPM Hons,ITF Hons

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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21 March 2011 yes, agreed HRA will be calculated for 6 months of rent paid.

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CA.ViVeK M ACA

CA.ViVeK M ACA (Expert)
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21 March 2011 HRA required to be caluclated for the period for which HRA paid by the company. This means 6 month periods shall be taken in to the consideration....

Take the concession in the matter of rent as perquirsite for the rest of the periods