prakash (B.Com) (132 Points)
09 February 2017Hello Team.
My HRA : 14280
If I give Rent Receipt of Rs 14280
MY Basic : 35700
Leaving in Ahmedabad City
There is NOT ,DA Allowenace i get
How much amount of Rent Receipt I can provide , So that I can availe Maximum Tax Benifit(Expemtation) under section u/s 10
I request to Calclulate and give figure .
Thanks
Mukesh Kumar
(Accounts Manager)
(1466 Points)
Replied 09 February 2017
YOU SHOULD TAKE RECEIPT OF ACTUAL PAYMENT ,,,YOU ARE AVAIL UP TO 40%-10% OF YOU B.SALARY
prakash
(B.Com)
(132 Points)
Replied 09 February 2017
I request to Calclulate and give figure .
Read more at: /forum/details.asp?mod_id=382719&message=MESSAGE%20MODIFIED
Mukesh Kumar
(Accounts Manager)
(1466 Points)
Replied 09 February 2017
sekar balakrishnan
(B.Com)
(75 Points)
Replied 10 February 2017
THE HRA CALCULATION WILL BE:
50% OF BASIC + DA : 35700 X 12 /2 = 214200/-
ACTUAL HRA RECD 14280 X 12 = 171360
ACTUAL RENT PAID 14280 X 12 = 171360
10% OF BASIC IN EXCESS OF TOTAL RENT 35700 X 10% = 3570 - 171360 = 167790 X 10% =16779.
YOU CAN CLAIM RS.16779/- AS HRA DEDN AND RECEIPT FOR 14280/- SEKAR
Mukesh Kumar
(Accounts Manager)
(1466 Points)
Replied 10 February 2017
AGREE WITH SIR , BUT 50% HRA YOU CAN CLAIM IF YOUR RESIDENCE IS IN METRO CITY ( DELHI, MUMBAI, CHENNIE, AND KOLKATA) OTHER THAN YOU SHOULD CLAIM ONLY 40%
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