4 Replies
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 09 March 2017
if u get negative amount while calculating rent paid -10% salary you have to ignore the same in the sense value is assigned as zero
Melko
(Engineer)
(58 Points)
Replied 09 March 2017
Does that mean, I will be eligible for an HRA exemption of only
204000 – 10% of 2038200 = 204000 – 203820 = 180
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 10 March 2017
ACTUAL hra 239589
assumed you stay in metro so 50%*2038200=1019100
Rent paid -10% salary =204000-203820=180
Least of the three 180
Actual HRA =239589
Less exempt u/s 10(13A)=180
TAXABLE hra=239409
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