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?
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?
Amol S Joglekar
(Expert)
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)
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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