26 July 2010
As per Sec 10(13A), exempt HRA shall be the least of the following: 1. Excess of rent paid over 10% of Basic Salary (total rent paid - 10% of basic) 2. 40% of Basic (50% in case the rented accomodation is in a metro city) 3. Actual HRA received.
26 July 2010
As per Sec 10(13A), exempt HRA shall be the least of the following: 1. Excess of rent paid over 10% of Basic Salary (Rs. 42,000 - (Rs. 9,300 X 12 X 10%)) = Rs. 30,840 2. 40% of Basic (50% in case the rented accomodation is in a metro city)Rs. 44,640 3. Actual HRA received. Rs. 54,000
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