Exemption u/s 10(13a)
This query is : Resolved
27 July 2013
40% of the basic: 693,000, Actual HRA 900,000, excess of rent paid over 10% of the basic is -11,300. Is the assessee eligible for HRA exemption u/s 10(13A) because of the negative figure?
27 July 2013
How the negative amount arrived? what is the rent paid value.
Basic RS.693000 in that 10% is 69300. incase your rent paid value is below Rs.69300 then only negative will appear.
such as case HRA exemption is not available for that person
Basic RS.693000 in that 10% is 69300. incase your rent paid value is below Rs.69300 then only negative will appear.
such as case HRA exemption is not available for that person
28 July 2013
There is a straight forward condition.
.
No HRA exemption is allowed when the rent paid is below 10% of Basic Salary +DA(T).
.
It is expected by the law that at least 10% of salary should be borne by the assessee.
.
.
No HRA exemption is allowed when the rent paid is below 10% of Basic Salary +DA(T).
.
It is expected by the law that at least 10% of salary should be borne by the assessee.
.
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