H.r.a
This query is : Resolved
01 April 2016
sir,
Experts as we know to find out H.R.A is that
H.R.A
1) Actual Amount Received
2) Rent paid x% of Basic salary
3)40% or 50%(in Metro city)
H.R.A
- rest deducted the lowest one
Now my question arises did a pvt ltd company can give only 10%,5% on basic salary as H.R.A and setteled the H.R.A like These is it possiable do like these, without calculating the above just settled like these
please experts solve my query
Thanking you
Avik banerjee
Experts as we know to find out H.R.A is that
H.R.A
1) Actual Amount Received
2) Rent paid x% of Basic salary
3)40% or 50%(in Metro city)
H.R.A
- rest deducted the lowest one
Now my question arises did a pvt ltd company can give only 10%,5% on basic salary as H.R.A and setteled the H.R.A like These is it possiable do like these, without calculating the above just settled like these
please experts solve my query
Thanking you
Avik banerjee
01 April 2016
Calculation as stated in section 10(13A) is for Income Tax purpose and the employer is free to give any amount of HRA as per their policy.
01 April 2016
Point 2 rent paid in excess of 10 % of salary not on% on Basic salary.
Employer got discretion to fix HRA, normally they fix 40% of Basic.
Employer got discretion to fix HRA, normally they fix 40% of Basic.
01 April 2016
Thank U Sanjay Gupta sir and Kaviraja Addangadi for solving my Query
Avik Banerjee
Avik Banerjee
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