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