income tax

This query is : Resolved

Aniket modi (Querist)
Follow

25 October 2008 can sum one tel me how to calculate valuation for rent free accomodation..?
under the head income from salary.
tel me the percentage which is applicable for this nov.xamz for pe-2

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
Follow

25 October 2008 You will have to give basic figures from your side!

Aniket modi

Aniket modi (Querist)
Follow

27 October 2008 okie..
it is 20%or the % veries with population...
if it varies with population then giv me the details...

Upgrade to CAclubindia Pro. Subscribe Now!

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
Follow

30 October 2008 It is not with population.It is the least of

1)An amount equal to 50% salary where the residence is situated at Chennai, Delhi, Kolkotta and Mumbai or 40% in other place.

2) Actual HRA received from employer

3)Rent paid in excess over 10% of salary.

Aniket modi

Aniket modi (Querist)
Follow

30 October 2008 there sumthing related 2 population can u let me no when u hav 2 use the population category...