Hra exemption
This query is : Resolved
30 November 2013
Respected Sir,
I want to know how much HRA exemption can i claim for tax saving? Basic Salary(Including DA) Rs.311443/- annually, HRA Received Rs.17028/- annually, residing in Non-Metro city, Rent Paid Rs.48000/- annually. HRA Exemption is Rs.16856/- or Rs.16212/- if exemption is Rs.16212/- then how?
I want to know how much HRA exemption can i claim for tax saving? Basic Salary(Including DA) Rs.311443/- annually, HRA Received Rs.17028/- annually, residing in Non-Metro city, Rent Paid Rs.48000/- annually. HRA Exemption is Rs.16856/- or Rs.16212/- if exemption is Rs.16212/- then how?
30 November 2013
the answer should be Rs 16,856/-
HRA should be lowest of: 50%/40% of the salary or HRA received or rent paid - 10% of salary.
50%/40% of salary is 155772/124577.
HRA is Rs 17028.. Rent paid: 48000- 10% of salary (31144)= 16856,
So HRA exemption is 16856.
HRA should be lowest of: 50%/40% of the salary or HRA received or rent paid - 10% of salary.
50%/40% of salary is 155772/124577.
HRA is Rs 17028.. Rent paid: 48000- 10% of salary (31144)= 16856,
So HRA exemption is 16856.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax implications of gift to maternal uncle
- PAN Migration to New AO
- Closure of a PVT LTD company
- Input Tax Credit Puf panels
- ROC filings for the first year of incorporation
- Real estate business by a partnership firm where both of the partners are SC/ST
- Capital gains LTCG
- 26QB correction - no data available error for fully consumed/processed with default
- TDS on Purchase of Immovable Property in case of Co Owner
- How to open attachment in 23ac xbrl
- Travel Agent Charges 5 % GST without ITC. Can he raise invoice @ 18% on Service Fee for Flight Tick
- Income tax planning
- Please help with SAC Codes (6 digits) for below mentioned services provided by Chartered Accountant
- Printing Press under Composition Scheme
- 140-A Tax Wrongly Paid PAN No
- CSR funding for private limited companies
- Professional tax deduction monthly
- Refund Application in RFD 01 for Export without payment of tax
- Ewaybill bill to ship from
- Fail to issue gst invoice from last 46 months
Trending Online Classes
-
Certification Course on GSTR-3B Reconciliation with GSTR-2B through Chat GPT
CA Deepak Gupta26 April 2025
CAclubindia
