HRA Exemption
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 April 2010
If in HRA under Salary the least Amt. becoes -ve,what is the exemption limit??
Plz. answer as soon as possible.
e.g.1)50% Or 40% of salary
2)The amt. of HRA Actually Received
3)Rent paid -10% of salary
Among the above three the least amt. is exempted,But say if the 3rd amt. comes negative,then being least what should be the exempted amt?????
Plz. answer as soon as possible.
e.g.1)50% Or 40% of salary
2)The amt. of HRA Actually Received
3)Rent paid -10% of salary
Among the above three the least amt. is exempted,But say if the 3rd amt. comes negative,then being least what should be the exempted amt?????
06 April 2010
Zero......
06 April 2010
Nil
07 April 2010
Exempt amount will be zero. It means the actual amount of HRA received will be fully taxable.
07 April 2010
AGREE
07 April 2010
agree
08 April 2010
agree.Exemption is Zero
10 April 2010
agree.Exemption is Zero. if 3rd amount comes to zero, still no exemption of HRA
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