House rent exemption
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 December 2012
Hi,
I work in a Pvt Ltd company.
Salary Break up as follows:
1.Basic
2. House rent allownce
3.Special Allowance
My question is
if I calculate house rent exemtion as I live in rented house I have seen that it depends upon 3 factors:
a)Rentpaid-10% of salary applicable for me.
Here 'salary' means only the basic I receive or it will be (Basic+special allowance)?
I work in a Pvt Ltd company.
Salary Break up as follows:
1.Basic
2. House rent allownce
3.Special Allowance
My question is
if I calculate house rent exemtion as I live in rented house I have seen that it depends upon 3 factors:
a)Rentpaid-10% of salary applicable for me.
Here 'salary' means only the basic I receive or it will be (Basic+special allowance)?
07 December 2012
Salary for the purpose of computing HRA means basic salary + DA
07 December 2012
Hi
Which state you belong to & also is PF is deducted on your spl allowance component by your co.?
Thanks//Vaibhav
Which state you belong to & also is PF is deducted on your spl allowance component by your co.?
Thanks//Vaibhav
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Multiple payment of self assessment tax for A Y 2025-2026
- CAPITAL GAIN REDEVELOPED FLAT
- REGARDING ITR FILING QUESTION
- CLOSING STOCK QUERY
- Requirement under FEMA &RBI
- Gst reverse charge mechanism to be claimed in the month of payment
- ITR 44AD SECTION
- Missed TDS
- DUE DATE FOR ITR FILING
- Query regarding reporting of exempt foreign remuneration in ITR
- WHERE I SHOW GST 0% INVOICE IN GSTR1 (EITHER TABLE 7 OR TABLE 8)
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
