computation of HRA

This query is : Resolved

rizwan (Querist)
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09 January 2009 if a person get salary in mumbai and doing service in saudi . and paying house rent in mumbai where his family member's are residing.(family member include father and mother)

Salary details
HRA per month RS.9830
Actual.rent paid - Rs-8000 P.M.
BASIC SALARY INLUDING D.A RS.19212 P.M.
what is the taxable amount of HRA.

CA Mani

CA Mani (Expert)
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10 January 2009 Exemption:
Lower of
Limit 1 - Excess of rent over 10% of sal = 6078
Limit 2 - 50% of rent = 4000
Limit 3 - Actual HRA = 9830.

Taxable HRA = 5830/-