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Accounts

This query is : Resolved 

19 December 2014 For HRA
How to write it in the computation

HRA Paid by the employer (included in salary) - HRA rebate (shown as deduction)

is this the correct treatment?

19 December 2014 A. Include HRA in GROSS salary
Then deduct the exempt amount from the GROSS salary
Alternatively,
B. Include only taxable amount of HRA in salary. (Write a note in the bracket that taxable HRA is included above)


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