28 November 2013
The Assessee is paying rent of Rs 8000/month ( Bangalore), kindly confirm me the HRA exemption limit,please find salary break up below:
28 November 2013
HRA exemption u/s 10(13A) . . 1)HRA received-74,229 2)Rent paid in excess of 10% of salary--(96000-10335)=85665 3)40% of salary=40% of (103350)=41340 . . least of above is exempt under HRA . . hence 41,340 is your HRA exemption eligible u/s 10(13A)