H.r.a

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This query is : Resolved

Avik Banerjee (Querist)

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

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)

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.

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)

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.

Avik Banerjee

Avik Banerjee (Querist)

01 April 2016 Thank U Sanjay Gupta sir and Kaviraja Addangadi for solving my Query

Avik Banerjee

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