My friend works in a Karnataka state government corporation. She gets HRA component of just 8% of Basic pay. Her office is in a city of less than 5 lakh population. Say if basic is 30000, DA is 11000, HRA is just about 2500. Is this valid amount? Can we claim more exemption?
4 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 31 July 2023
Yes, This is valid.
For HRA no more specific percentage of pay. In Salary Component BASIC & DA is must. All others by employer's deal...
For HRA no more specific percentage of pay. In Salary Component BASIC & DA is must. All others by employer's deal...
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 31 July 2023
For HRA exemption lower of the following
1. Actual HRA received
2. Rent paid - 10% of Salary (Basic + DA)
3. 40% of salary
1. Actual HRA received
2. Rent paid - 10% of Salary (Basic + DA)
3. 40% of salary
sabyasachi mukherjee
(27574 Points)
Replied 01 August 2023
HRA EXEMPTION IS GUIDED BY SEC 10(13A ) RULE 2A .
T
T
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