Hra calculation

Raja (SME) (61 Points)

03 July 2013  

I have few query mentioned below

Excel sheet attached for ready reference -

 

1 / - HRA Calculation -

If Basic Salary is 300570 (annually)  (Apr to Jun  - 24350/month and Jul to Mar - 25280/month)

HRA Paid for FY 2012-13 is 134694 (annually)

Rent Paid is 180000 (annually)

 

What will be my exemption for tax u/s 10 from Salary ?

 

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2 / - Do Arrears HRA also needs to be clubbed in current HRA

Current HRA - 134694 and Arrear - 8433

 

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3 / -  I am also getting rebate of interest paid on house loan i.e. 150000/- (Max Limit)

Is there any limit on HRA if availaing this ?

 

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4 / - In my form 16 it is showing incorrect amount, how do I get this rectified and what documents do, I have to provide if I am doing e-filling online ?

 

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