Section 10 (13a) salary for hra calculatio n
This query is : Open
23 February 2015
PLEASE EXPLAIN MEANING OF FOLLOWING LINES ABOUT DA INCLUSION IN SALARY .
"salary" for this purpose is pay, DA, where DA is taken in to account for pensionary benefits, cpf etc.
vs
(h) "salary" includes dearness allowance, if the terms of employment o provide, but excludes all other allowances and perquisites.
"salary" for this purpose is pay, DA, where DA is taken in to account for pensionary benefits, cpf etc.
vs
(h) "salary" includes dearness allowance, if the terms of employment o provide, but excludes all other allowances and perquisites.
24 February 2015
Salary may have different components or it may be a consolidated pay, say Rs.20000/- per month. Or it can be like this. Your basic pay is Rs.12,000/-, Dearness Allowance ( for meeting the inflationary trends or so)is 20% ie., 2400/-( this will be taken into consideration of retirement benefits etc), HRA is 3,000/- and other allowances 4,600/-.While calculating exempted HRA here take Basic pay+DA for Rent paid over 10% of Salary and also for calculating 40% of salary.This is just an example given for your understanding
24 February 2015
THNX SIR,
CAN YOU FURTHER EXPLAIN MEANING OF " THIS WILL BE TAKEN INTO CONSIDERATION OF RETIREMENT BENEFITS ETC " IN ABOVE REPLY .
CAN YOU FURTHER EXPLAIN MEANING OF " THIS WILL BE TAKEN INTO CONSIDERATION OF RETIREMENT BENEFITS ETC " IN ABOVE REPLY .
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