Avail maximum tax benefit (exemption ) under section u/s 10

438 views 5 replies

Hello 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 

 

Replies (5)

YOU SHOULD TAKE RECEIPT OF ACTUAL PAYMENT ,,,YOU ARE AVAIL UP TO 40%-10% OF YOU B.SALARY 

I request to Calclulate and give figure .

Read more at: /forum/details.asp?mod_id=382719&message=MESSAGE%20MODIFIED

B.S.=35700,,,,,,,,,,,,,,,, 40% of b.s.=14280,,,,,,,,,,,,,,,,,,,, Less 10% of b.s.=3570,,,,,,,,,,,,,,,,,, Avail HRA amount=10710,,,,,,,,,,,,,,,,,,,,,

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

 

 

 

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%

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics
Loading
Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 30 June 2026
Article Assistant or Paid Assistant

VIKAS VERMA & CO

New Delhi

Others

View Details
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 30 June 2026
2 posts Article assistant and Articleship completed students

Chirag N Shah & Associates

Mumbai

CA Inter

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details