House Rent Allowance
This query is : Resolved
03 August 2007
What are the conditions that are considered while calculating the exemption u/s 10 for the house Rent allowance
04 August 2007
FOr exemption under Sec. 10(13A) and refering to Rule 2A the least of the following is exempted:
Actually HRA recieed,
Rent paid - 10% of salary
On basis of the city resided 50% or 405 of the salary.
50% in Mumbia, Calautta, Delhi, Madras
40% in other cities
Salary for the purpose shall be Basic + DA + Commision (as a % of sales).
Actually HRA recieed,
Rent paid - 10% of salary
On basis of the city resided 50% or 405 of the salary.
50% in Mumbia, Calautta, Delhi, Madras
40% in other cities
Salary for the purpose shall be Basic + DA + Commision (as a % of sales).
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