How the income tax exemption is calculated on sec10(13a0
This query is : Resolved
15 November 2012
house rent allowance is part of salry package.and the rent paid by slaried employee exceeds 10% of his salary,
the exemption of house rent allowance is computed onthe follwing
actual hra reced,50%/ 40 %of the salary of th salary of the residing place
rent paid inexcess of salary . our doubt is slary includs basic salry plus da or basic alone inthe calculation salary
the exemption of house rent allowance is computed onthe follwing
actual hra reced,50%/ 40 %of the salary of th salary of the residing place
rent paid inexcess of salary . our doubt is slary includs basic salry plus da or basic alone inthe calculation salary
15 November 2012
FRIEND FOR CALCULATION OF SALARY FOR HRA
BASIC SALARY+DA(IF FORMING PART OF RETIREMENT BENEFITS)
MEANS ONLY THAT PART OF DA WHICH IS FORMING PART OF RETIREMENT
BASIC SALARY+DA(IF FORMING PART OF RETIREMENT BENEFITS)
MEANS ONLY THAT PART OF DA WHICH IS FORMING PART OF RETIREMENT
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