house rent allowance
This query is : Resolved
04 July 2008
is there is chage in House rent allowance???
what is method of cal. it
what is method of cal. it
04 July 2008
Hi Adarsh,
There is no change in the provision related to House rent allowance.
The method of calculation for the exempt amount of HRA is as follows :
1. 40 % of the salary (50 % of the salary in case of four metro cities)
2. Actual amount paid over 10 % of salary.
3. Actual amount received from the employer as HRA.
whichever is less will be exempt out of the above mentioned limits.
Salary here means Basic + DA + commission as per terms of employment. (as decided in gestetner duplicators case )
Hope this will resolve your query.
There is no change in the provision related to House rent allowance.
The method of calculation for the exempt amount of HRA is as follows :
1. 40 % of the salary (50 % of the salary in case of four metro cities)
2. Actual amount paid over 10 % of salary.
3. Actual amount received from the employer as HRA.
whichever is less will be exempt out of the above mentioned limits.
Salary here means Basic + DA + commission as per terms of employment. (as decided in gestetner duplicators case )
Hope this will resolve your query.
05 July 2008
no change in hra calculation , it remains same as earlier
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