SIR,
AN EMPLOYEE GOT GROSS SALARY OF RS.270876/- (INCLUDES ONLY BAIC-117000+HRA-58000+SPECIAL ALLO-95876)
HE IS LIVING IN CHENNAI. CAN I DEDUCT 40% OF THE HRA STRAIGHT AWAY FROM HIS GROSS ?
IS IT CORRECT?
THANKS,
MURALIDOSS (INCOME TAX PRACTITIONER) (1329 Points)
06 October 2021SIR,
AN EMPLOYEE GOT GROSS SALARY OF RS.270876/- (INCLUDES ONLY BAIC-117000+HRA-58000+SPECIAL ALLO-95876)
HE IS LIVING IN CHENNAI. CAN I DEDUCT 40% OF THE HRA STRAIGHT AWAY FROM HIS GROSS ?
IS IT CORRECT?
THANKS,
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 06 October 2021