Income tax (hra)

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 August 2011 Find out HRA chargeable to tax
name of employer of Mr. x:Altd upto 31st aug.2009 at agra .
Bltd. from 1st oct.2009 at mumbai(from 1st jan.,2010 at goa)
basic salary(increased to rs.18000 from 1stfeb.,2010):
Altd.-6000 and Bltd.-11000
HOUSE RENT ALLOWANCE:
Altd. -3000 and B ltd.-5600
MONTHLY RENT PAID:
rent paid at Agra(from 1st april,2009 to 30thsep.,2009)
A ltd.-2600 and Bltd.-nil
rent paid at mumbai (from 1stoct.,2009 to 28th feb.,2010)
Altd.-nil and Bltd.- 7000
rent paid at GOA(from 1st march,2010)
Altd.-nil and Bltd.-1560


13 August 2011 A Ltd
Upto Aug, 2009
HRA Received Per Month 3,000
HRA Paid Per Month 2,600
No of Months 5
Basic Salary Per Month 6,000

HRA Received Per Annum 15,000
Exemption as per Sec 10 (13 A)
1 Actual HRA 15,000
2 40% of Basic Salary 12,000
3 Actual Rent Paid - 10% of Basic 10,000 10,000
Taxable HRA 5,000


B Ltd Oct - Dec 2009 @ Mumbai
HRA Received Per Month 5,600
HRA Paid Per Month 7,000
No of Months 4
Basic Salary Per Month 11,000

HRA Received Per Annum 22,400
Exemption as per Sec 10 (13 A)
1 Actual HRA 22,400
2 50% of Basic Salary 22,000
3 Actual Rent Paid - 10% of Basic 23,600 22,000
Taxable HRA 400

B Ltd Jan - Mar 2010 @ Goa
HRA Received Per Month 5,600
HRA Paid Per Month 1,560
No of Months 3
Basic Salary Per Month 11,000

HRA Received Per Annum 16,800
Exemption as per Sec 10 (13 A)
1 Actual HRA 16,800
2 40% of Basic Salary 13,200
3 Actual Rent Paid - 10% of Basic 1,380 1,380
Taxable HRA 15,420
Total Taxable HRA 20,820

13 August 2011 Please provide your Gmail id to send the excel sheet of computation


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Querist : Anonymous

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Querist : Anonymous (Querist)
13 August 2011 my email id :nigam.sheetal@gmail.com



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