Chapter vi - deduction
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 June 2015
HRA KIS LIMIT TAK EXEMPT HAI FOR A.Y. 2015-16
30 June 2015
HRA Deduction is not under Chapter VIA
HRA exemption u/s 10(13A) is dependent on Four variable.
1) House rent allowance received
2) House rent paid
3) Salary
4) Location of the house.
HRA received is exempt u/s 10(13A) to the extent of the minimum of the following 3 amounts:
# Actual House Rent allowance received by the employee in respect of the relevant period
# Excess of Rent paid for the accommodation occupied by him over 10% of the salary for the Relevant Period
# 50% of the salary where the residential house is situated in Mumbai, Calcutta, Delhi or Chennai and 40% of the Salary where the house is situated at any other place for the relevant period.
HRA exemption u/s 10(13A) is dependent on Four variable.
1) House rent allowance received
2) House rent paid
3) Salary
4) Location of the house.
HRA received is exempt u/s 10(13A) to the extent of the minimum of the following 3 amounts:
# Actual House Rent allowance received by the employee in respect of the relevant period
# Excess of Rent paid for the accommodation occupied by him over 10% of the salary for the Relevant Period
# 50% of the salary where the residential house is situated in Mumbai, Calcutta, Delhi or Chennai and 40% of the Salary where the house is situated at any other place for the relevant period.
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