HRA calcualtions
Ramya Bhat (254 Points)
16 June 2020
can we consider Bangalore as a metro city for HRA calcualtion...
2 Replies
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 09 August 2020
Currently, as per the Income Tax provisions, only four cities in India (Delhi, Mumbai, Chennai and Kolkata) are considered to be metro cities and are allowed to have 50% of the basic salary as the House Rent Allowance (HRA).
Therefore, Bangalore not considered as metro city for HRA calculation.
Therefore, Bangalore not considered as metro city for HRA calculation.
Recent Topics
- Interest free loans from directors in private limi
- Section 194T
- Paying GST on Residential House Construction
- Gst credit ledger input
- Income Tax Filing after Portal Deadline
- LTCG u/s 54 -Time Period Related
- Clarification -GST registration
- TDS on commercial bus insurance payment
- Do we need Environmental Clearance certificate for
- GST Rate confussion
Related Threads
CAclubindia
