confusion on H.R.A.
This query is : Resolved
22 May 2011
sir, i am a government basic teacher in U.P. my total salary is ( stantive pay 194729+61318 D.A.) 278087 during financial year 2010-2011 and H.R.A. given by department is 22040. i have attached receipt of H.R.A. of 36000 along with my form no. 16 and i have paid3000 as advanced tax. plz calculate my income tax ? because i do not know calculation with H.R.A.?
23 May 2011
There are three conditions:
1. House rent received: 22,040
2. House rent paid: 36000
3. House rent paid-10% of salary: 36000-27808=8,192.00
The least of the three i.e 8198.00 only will be exempt
1. House rent received: 22,040
2. House rent paid: 36000
3. House rent paid-10% of salary: 36000-27808=8,192.00
The least of the three i.e 8198.00 only will be exempt
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Regarding TDS Applicability For Director Remuneration
- Value of property in capital gain
- FORM 26A APPLICABILITY
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
