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Metro cities

VINAY (Internal Auditor) (107 Points)

16 September 2015

KIndly Tell How Many OF Metro politan City in India ?

It`s rewured for HRA Calcultaion & personal

vinay

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CMA P Y S V S VARMA (cost accountant) (173 Points)
Replied 19 September 2015

Limits for the purposes of section 10(13A) .

The amount which is not to be included in the total income of an assessee in respect of the special allowance referred to in clause (13A) of section 10 shall be—

(a)		the actual amount of such allowance received by the assessee in respect of the relevant period; or
(b)		the amount by which the expenditure actually incurred by the assessee in payment of rent in respect of residential accommodation occupied by him exceeds one-tenth of the amount of salary due to the assessee in respect of the relevant period; or
3[(c)		an amount equal to—

(i)		where such accommodation is situate at Bombay, Calcutta, Delhi or Madras, one-half of the amount of salary due to the assessee in respect of the relevant period; and
(ii)		where such accommodation is situate at any other place, two-fifth of the amount of salary due to the assessee in respect of the relevant period,]