Deduction
This query is : Resolved
Mohammad Hasan
(Querist)
07 July 2014
An engineer whose annual income is 800000 is paying 18000 per month as his residential rent. How much rent is allowd as deduction for calculation of his income.
07 July 2014
lower of follwing :
1. actual hra
2. rent paid actual - 10% of salary
3.50% of salary.
1. actual hra
2. rent paid actual - 10% of salary
3.50% of salary.
Rupesh Jain
(Expert)
07 July 2014
it is calculation as under lease of the following
1. rent paid exceeds form 10% of the salary
2. HRA received.
3.40%/50% of the salary.
1. rent paid exceeds form 10% of the salary
2. HRA received.
3.40%/50% of the salary.
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