Mr.sanjay Kumar MPR lives in a Delhi ,working as a Accounts manager in Wipro company.his details are
Basic salary Rs 25,000
HRA givened by employer Rs 12000
DA. RS 7000
Rent paid by Sanjay Rs 7,000
what is the Exempted HRA and Taxable HRA for Sanjay ???please I need clear calculation with workings
Plse help me
15 Replies
MPR Sanjay Kumar
(3118 Points)
Replied 25 January 2023
Honourable eswar sir could you please elaborately with computation
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 25 January 2023
50% of Basic : 12500/-
HRA : 12000/-
Rent Paid - 10% of Basic (7k-2500) : 4500/-
Lease of the above
HRA : 12000/-
Rent Paid - 10% of Basic (7k-2500) : 4500/-
Lease of the above
Prof Suhasini
(1732 Points)
Replied 25 January 2023
If DA is not form part of retirement benefits then only above calculation is correct
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 25 January 2023
Query has not specifically quoted about retirement benefits
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 25 January 2023
(12000-4.5k)= 7.5k
HRA exemption: 4.5k
Taxable: 7.5k
HRA exemption: 4.5k
Taxable: 7.5k
sabyasachi mukherjee
(27574 Points)
Replied 26 January 2023
Sec 10(13A) RULE 2A
HOUSE RENT ALLOWANCE.
HOUSE RENT ALLOWANCE.
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 26 January 2023
Query is about quantum of HRA exemption and taxable HRA
Yasaswi Gomes new
(Finance )
(4514 Points)
Replied 26 January 2023
Only Mumbai, Kolkatta, Delhi, Chennai have 50% allowance. Rest its 40%
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