Hi,
I have received a notice under SECTION 142(1) for 2011-12 and the Income Tax Inspector asked to provide clarification on my HRA exemption. I don't remember how much rent I paid for 2011-12. Since I need to show how the I arrived at the HRA calcuation can anyone please telll me what would be the rent amount I paid. My pay details were as below:
Basic Salary p/m : 20696
Conveyance: 800
HRA: 8279
Deductions:-
Taxable Allow: 18258
PF: 2484
Prof tax: 200
Income tax 2097
Parking charge: 450
According to form 16 my Gross Salary was: 402424
HRA exemption: 63625
Conv exeption: 6256.
Please show me the calcuation on how much rent 1 paid.
Thanks,
Pj