Hra

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 August 2012 I have recd salary for f y 11-12 as under

April to Sept 11 Basic Rs.50,000/- p m
April to Sept 11 HRA Rs.15,000/- p m
Oct 11 to Mar 12 Basic Rs.55,000/- p m
Oct 11 to Mar 12 HRA Rs.20,000/- p m

I am paying Rs.14,000/- as rent under leave license agreement.

I want to know what amot is exempt as HRA and taxable salary ?

Amol S Joglekar

Amol S Joglekar (Expert)
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18 August 2012 least of A: HRA actually received B:rent paid in excess of 10% of salary and C: 50% or 40% (as per the city in which you are)of the salary

Amol S Joglekar

Amol S Joglekar (Expert)
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18 August 2012 please calculate it on yearly basis. you not calculate this on month on month basis

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