If an employee, {resident (on rent) in Faridabad & office in Delhi} received HRA from his employer. But after some(assume 5 months) time he sifted to Delhi and family lives in faridabad. Now he pay two rent
one in Delhi and another in Faridabad
My question is that " WHAT SHOULD BE THE TREATMENT TO DETERMINE THE TAXABLE AMOUNT OF HRA?
what we can take 40% or 50% of RBS?
Shudhanshu Agrawal
(Business)
(2570 Points)
Replied 26 November 2008
In my opinion HRA exemption is given at the place where employee lives not his/her family. So HRA exemption in
CA. ANKUR JAIN
(CA.....)
(2800 Points)
Replied 26 November 2008
HELLOW MUKESH JI,,
IN MY OPINION EXEMPTION OF HRA SHALL BE COMPUTED SEPERATELY FOR BOTH DELHI AND FARIDABAD IN CONSIDERATION OF THE RELEVANT PERIOD AND THE LEAST OF 3 SPECIFIED LIMITS WILL BE EXEMPT N OTHER WILL B TAXABLE...........
CAclubindia
