Deductiond
This query is : Open
27 March 2012
DEAR SIR
MY SALARY RS.500000/- IN METRO CITY
A-HRA RECEIVED-36000
B-HOUSE RENT PAID-60000
C-MEDICAL ALLOWANCE RECEIVED-30000
D-MEDICAL EXP INCURRED FOR FATHER(65)-55000
E-MEDICAL CHECK UP FOR ME-RS-5000
I WANT TO KNOW HOW MUCH AMT IS DEDUCTIBLE AGAINST EACH ITEM ABOVE
MY SALARY RS.500000/- IN METRO CITY
A-HRA RECEIVED-36000
B-HOUSE RENT PAID-60000
C-MEDICAL ALLOWANCE RECEIVED-30000
D-MEDICAL EXP INCURRED FOR FATHER(65)-55000
E-MEDICAL CHECK UP FOR ME-RS-5000
I WANT TO KNOW HOW MUCH AMT IS DEDUCTIBLE AGAINST EACH ITEM ABOVE
28 March 2012
1. HRA will be exempt to the extent of lower of the following:
(a) Actual HRA received
(b) Rent Paid less 10% of salary
(c) 50% of salary
(a) Actual HRA received
(b) Rent Paid less 10% of salary
(c) 50% of salary
Message likes :
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29 March 2012
Medical allowance is exempt to the extent of Rs. 15,000/-
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